- Bitfinex Securities launches first tokenized US Treasury Bills under El Salvador’s digital asset law, opening new investment paths.
- USTBL token offers global access to US Treasury Bonds, allowing investments via Tether and Bitcoin on the Bitfinex platform.
- Tether strengthens its role in blockchain finance with $102.5B in US Treasury holdings, driving the blockchain-finance merger.
Bitfinex Securities has launched the first tokenized US Treasury Bills under El Salvador’s digital asset law. This innovative solution combines cryptocurrencies and finance by enabling anyone to buy tokens linked to assets like US Treasury Bills. This marks a significant step forward in making traditionally stable assets accessible to global investors.
Tokenized Offering Provides Easy Access to US Treasury Bills
The USTBL token will represent shares in the iShares $ Treasury Bond 0-1yr UCITS ETF. This fund tracks short-term US Treasury Bonds, offering a stable investment backed by US government debt.
The subscription period for USTBL begins on November 19, 2024, and ends on November 29, with a minimum goal of $30 million. Investors can participate using Tether, while support for Bitcoin payments is expected soon.
Once the subscription period closes, USTBL tokens will be available for trade on the Bitfinex Securities secondary market under the ticker USTBL, priced in USDT. This offering represents a significant opportunity for smaller investors and those in underbanked regions.
El Salvador’s Regulatory Environment Supports Tokenized Assets
El Salvador’s new regulatory framework for digital assets has allowed this tokenized offering to take shape. The country introduced a securities law that has issued Bitfinex Securities the first Digital Asset License.
Since then, several stablecoins and tokenized assets have launched under this framework. This has highlighted the nation’s push toward integrating blockchain into its financial system.
Tether’s Role in Expanding Blockchain Solutions
Tether, known for its USDT stablecoin, is expanding its role in blockchain-based finance through Bitfinex Securities. In Q3 2024, Tether reported holding $102.5 billion in US Treasury bills.
This has further supported its mission to bridge traditional and digital finance. Additionally, Tether’s technology powered Quantoz in launching MiCA-compliant stablecoins EURQ and USDQ in Europe.
The introduction of USTBL offers investors an innovative way to access short-term US Treasury Bills. This initiative reflects a larger trend in the finance sector to merge blockchain technology with traditional investment instruments.
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