El Salvador hosts its first tokenization of US Treasury bonds through Bitfinex Securities and NexBridge collaboration.
First Public Tokenization of Bonds in El Salvador
NexBridge, a digital asset issuer, announced the launch of USTBL, the first regulated tokenized US Treasury bonds using Bitcoin technology. This offering allows investors to purchase digital tokens linked to short-term US Treasury Bills.
USTBL Token Subscription and Trading
The joint offering will commence on November 19, 2024. Investors can participate using Tether, and subsequently Bitcoin. Tokens will be traded on the Bitfinex Securities secondary market under the ticker USTBL.
Regulation and New Opportunities in El Salvador
El Salvador's swift regulatory adaptation in digital assets enabled Bitfinex Securities to obtain the first Digital Asset License. The launch of this offering makes US Treasury investments accessible to a broader audience.
The innovative offering by Bitfinex Securities and NexBridge provides a new way to diversify investments, combining the reliability of traditional bonds with blockchain technology innovations.
