Bitfinex Securities will launch two tokenized bonds in collaboration with the financial group Mikro Kapital: minimum investment of $125,000.
Bitfinex Securities is set to launch two tokenized bonds on the Liquid Network sidechain. The initiative is part of an issuance program in collaboration with the Luxembourg-based microfinance group Mikro Kapital.
The program includes two types of bonds: an 11-month bond with a coupon rate of 10% and a 36-month bond with a rate of 13.5%. The coupon rate is the annual interest rate paid by the bond issuer to the bondholders. The offering, starting on July 3 and ending on July 31, aims to raise up to $10 million in USDT, with a minimum investment of $125,000.
Jesse Knutson, Head of Operations at Bitfinex Securities, commented:
“By leveraging the Liquid Network, we are introducing innovative financial solutions that merge the strengths of traditional and crypto investments. We are thrilled to continue our ongoing collaboration with Mikro Kapital and support them in bringing new forms of financing to the microfinancing sector through this latest tokenized bond issuance.”
The Liquid sidechain allows for the issuance of assets, including stablecoins and regulated security tokens. This enables issuers to create compliant offerings, while allowing investors to custody, withdraw, and trade securities in a peer-to-peer manner.
The proceeds from this issuance will be used to invest in microfinance and sharing economy projects, aimed at supporting small businesses and entrepreneurs in emerging markets.
