The USTBL tokens will be issued by NexBridge on the Blockstream-developed Liquid Network sidechain.
Bitfinex Securities has announced the launch of the first tokenized U.S. Treasury bills (T-bills) under El Salvador‘s legal framework. The initiative, developed in collaboration with NexBridge Digital, marks another step in the integration of traditional finance and digital technologies.
The issuance, which aims to raise a minimum of $30 million, will allow investors to access short-term U.S. government bonds. The initial subscription period is set from November 19 to 29, with investments available initially in Tether (USDT) and later in bitcoin (BTC).
Nicolas Cane, CEO of NexBridge, emphasized the project’s goal:
“Our vision is to create an interconnected environment where traditional assets and blockchain technology come together, fostering a transparent and efficient financial ecosystem for investors worldwide.”
Jesse Knutson, head of operations at Bitfinex Securities, highlighted how the initiative represents a significant step forward in financial technology, offering international investors new diversification opportunities.
The token, which will be listed under the symbol USTBL, will provide access to an ETF (iShares $ Treasury Bond 0-1yr UCITS ETF) composed of U.S. Treasury bonds with maturities between zero and one year.
