Bitfinex Securities has announced its first-ever tokenized bonds set to debut in November. These bonds, denominated in Tether and offering a coupon rate of 10% over 36 months, are intended to fuel capital raising.
The tokenized bond, dubbed ALT2611, is set to capture risks associated with debt and shares of microfinance institutions, small financial institutions, leasing companies and banks across Italy, Romania, Moldova and other developing countries along the historic Silk Road, and to exchange cryptocurrencies. He said.
Paolo Ardoino, chief technology officer at Bitfinex and incoming CEO of Tether, praised the initiative, calling it the dawn of a new era in the financial world. Bitfinex Securities aims to create liquid markets with the new offering, redefining the dynamics of equity and fund markets.
arousing!
This is the first bond listed on Bitfinex Securities. A new era has begun to raise capital through deep liquidity markets and equity/sex markets.In addition to $USDt They will become the core assets of this new financial financial system.
And yes. It benefits… https://t.co/ekXj3gY7Xj
— Paolo Ardoino 🍐 (@paoloardoino) October 25, 2023
Bitfinex Securities said it is committed to helping issuers access public exchanges with their tokenized securities. This platform facilitates trading blockchain
Blockchain
Blockchain technology consists of a digital network of blocks with a comprehensive record of transactions made in a cryptocurrency such as Bitcoin or other altcoins. One advantage of a signature in a blockchain is that it is kept across more than one computer. The ledger can be public or private (allowed). In this sense, blockchain is immune to data manipulation, making it not only open, but verifiable as well. Since the blockchain is stored across a network of computers, it is very difficult to control
Blockchain technology consists of a digital network of blocks with a comprehensive record of transactions made in a cryptocurrency such as Bitcoin or other altcoins. One advantage of a signature in a blockchain is that it is kept across more than one computer. The ledger can be public or private (allowed). In this sense, blockchain is immune to data manipulation, making it not only open, but verifiable as well. Since the blockchain is stored across a network of computers, it is very difficult to control
Read this term– Bonds, stocks and mutual funds. Companies can list their tokenized securities directly on Bitfinex or use Bitfinex Securities to facilitate trades.
Additionally, Bitfinex Securities provides an opportunity for companies to tokenize their commodities, debts and securities, Cointelegraph mentioned. This allows such products to be traded on exchanges and between wallets using technology similar to that that supports cryptocurrencies to scale financial transactions.
Minimum investment of $125,000
ALT2611 will be available for trading at an introductory price of $100, with a minimum investment of $125,000. The distribution of securities will begin within a week after the completion of the capital raising. The token bonds offer a maturity period of three years from the date of issuance. The bonds will adhere to the legal framework of the Grand Duchy of Luxembourg.
Mikro Kapital will issue 100,000 ALT2611 tokens to raise $10 million. Notably, ALT2611 will not be available to US citizens or individuals within the United States or any other jurisdiction where the offer or sale would be unlawful.
Recently, iFinex, Bitfinex’s parent company, announced a $150 million stock buyback. This initiative aims to provide relief to victims of the 2016 hack. The stock buyback initiative put iFinex at a valuation of $1.7 billion.
In addition, Bitfinex has introduced zero-fee trading for traders in the peer-to-peer market Trading platform
Trading platform
In Forex, a currency trading platform is software that brokers offer to their client base, giving them access as traders to the broader market. Most often, this reflects an online interface or mobile app, equipped with tools to process orders. Each broker needs one or more trading platforms to meet the needs of different clients. Being the backbone of the company’s offerings, the trading platform provides clients with quotes and a selection of real trading instruments
In Forex, a currency trading platform is software that brokers offer to their client base, giving them access as traders to the broader market. Most often, this reflects an online interface or mobile app, equipped with tools to process orders. Each broker needs one or more trading platforms to meet the needs of different clients. Being the backbone of the company’s offerings, the trading platform provides clients with quotes and a selection of real trading instruments
Read this term In Argentina, Colombia and Venezuela. The move allows cryptocurrency enthusiasts in these regions to buy and sell digital assets at market prices without incurring transaction fees.
Bitfinex Securities has announced its first-ever tokenized bonds set to debut in November. These bonds, denominated in Tether and offering a coupon rate of 10% over 36 months, are intended to fuel capital raising.
The tokenized bond, dubbed ALT2611, is set to capture risks associated with debt and shares of microfinance institutions, small financial institutions, leasing companies and banks across Italy, Romania, Moldova and other developing countries along the historic Silk Road, and to exchange cryptocurrencies. He said.
Paolo Ardoino, chief technology officer at Bitfinex and incoming CEO of Tether, praised the initiative, calling it the dawn of a new era in the financial world. Bitfinex Securities aims to create liquid markets with the new offering, redefining the dynamics of equity and fund markets.
arousing!
This is the first bond listed on Bitfinex Securities. A new era has begun to raise capital through deep liquidity markets and equity/sex markets.In addition to $USDt They will become the core assets of this new financial financial system.
And yes. It benefits… https://t.co/ekXj3gY7Xj
— Paolo Ardoino 🍐 (@paoloardoino) October 25, 2023
Bitfinex Securities said it is committed to helping issuers access public exchanges with their tokenized securities. This platform facilitates trading blockchain
Blockchain
Blockchain technology consists of a digital network of blocks with a comprehensive record of transactions made in a cryptocurrency such as Bitcoin or other altcoins. One advantage of a signature in a blockchain is that it is kept across more than one computer. The ledger can be public or private (allowed). In this sense, blockchain is immune to data manipulation, making it not only open, but verifiable as well. Since the blockchain is stored across a network of computers, it is very difficult to control
Blockchain technology consists of a digital network of blocks with a comprehensive record of transactions made in a cryptocurrency such as Bitcoin or other altcoins. One advantage of a signature in a blockchain is that it is kept across more than one computer. The ledger can be public or private (allowed). In this sense, blockchain is immune to data manipulation, making it not only open, but verifiable as well. Since the blockchain is stored across a network of computers, it is very difficult to control
Read this term– Bonds, stocks and mutual funds. Companies can list their tokenized securities directly on Bitfinex or use Bitfinex Securities to facilitate trades.
Additionally, Bitfinex Securities provides an opportunity for companies to tokenize their commodities, debts and securities. Cointelegraph mentioned. This allows such products to be traded on exchanges and between wallets using technology similar to that that supports cryptocurrencies to scale financial transactions.
Minimum investment of $125,000
ALT2611 will be available for trading at an introductory price of $100, with a minimum investment of $125,000. The distribution of securities will begin within a week after the completion of the capital raising. The token bonds offer a maturity period of three years from the date of issuance. The bonds will adhere to the legal framework of the Grand Duchy of Luxembourg.
Mikro Kapital will issue 100,000 ALT2611 tokens to raise $10 million. Notably, ALT2611 will not be available to US citizens or individuals within the United States or any other jurisdiction where the offer or sale would be unlawful.
Recently, iFinex, Bitfinex’s parent company, announced a $150 million stock buyback. This initiative aims to provide relief to victims of the 2016 hack. The stock buyback initiative put iFinex at a valuation of $1.7 billion.
In addition, Bitfinex has introduced zero-fee trading for traders in the peer-to-peer market Trading platform
Trading platform
In Forex, a currency trading platform is software that brokers offer to their client base, giving them access as traders to the broader market. Most often, this reflects an online interface or mobile app, complete with tools for processing orders. Each broker needs one or more trading platforms to meet the needs of different clients. Being the backbone of the company’s offerings, the trading platform provides clients with quotes and a selection of real trading instruments
In Forex, a currency trading platform is software that brokers offer to their client base, giving them access as traders to the broader market. Most often, this reflects an online interface or mobile app, complete with tools for processing orders. Each broker needs one or more trading platforms to meet the needs of different clients. Being the backbone of the company’s offerings, the trading platform provides clients with quotes and a selection of real trading instruments
Read this term In Argentina, Colombia and Venezuela. The move allows cryptocurrency enthusiasts in these regions to buy and sell digital assets at market prices without incurring transaction fees.