Bitfinex Securities announced on Wednesday that they successfully raised over $5 million in USDT through the issuance of the first tokenized bond on the Liquid Network.
This partnership between Bitfinex Securities and Mikro Kapital, a microfinancing firm, resulted in the creation of a tokenized bond under the ticker ALT2612, which has a 36-month term and a 10% coupon.
According to Jesse Knutson, the Head of Operations at Bitfinex Securities, this bond serves as a proof of concept and highlights the collaborative effort between the two companies.
Earlier this year, Mikro Kapital and Bitfinex Securities entered into an agreement to explore the potential of asset tokenization and the use of USDT in the microfinancing industry.
Tether CEO Paolo Ardoino stated that their goal is to bridge the gap between traditional and crypto investors and educate them on the benefits of high-quality securities and tokenization.
