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NexBridge & Bitfinex Securities Launch Tokenized US Treasury Bills Under El Salvador Laws

source-logo  coingape.com 20 November 2024 00:31, UTC

Bitfinex Securities, in collaboration with NexBridge, has introduced USTBL, the first-ever regulated tokenized US Treasury bill offering under El Salvador’s cutting-edge digital asset laws. The initial subscription, open from November 19 to November 29, seeks to raise at least $30 million, offering investors exposure to short-term US T-bills with an anticipated annual yield of 5.0%. This innovative move further integrates blockchain technology into traditional finance, leveraging El Salvador’s progressive regulations.

coingape.com