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Bitfinex Securities Eyes $30 Million for Tokenized US Treasury Offering Under USTBL Ticker
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Bitfinex Securities is set to revolutionize investment opportunities with its upcoming tokenized public offering of U.S. Treasury bills under the ticker USTBL.
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The offering aims to raise at least $30 million and is notable for being the first regulated tokenized exposure to U.S. Treasury securities, appealing to both crypto and traditional investors alike.
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As stated by a representative from Bitfinex, “This initiative marks a significant milestone in the convergence of digital securities and traditional finance,” underscoring its innovative approach.
Discover how Bitfinex is leveraging Bitcoin technology to offer tokenized U.S. Treasury bills with a targeted yield of 5.02% through its USTBL token.
Tokenized US Treasury exposure built on Bitcoin
In a groundbreaking move, Bitfinex Securities has announced its debut offering of tokenized U.S. Treasury bills, positioning itself at the intersection of classical finance and blockchain technology. According to company representatives, this sale is touted as the “first regulated offering” that provides tokenized US Treasury exposure via Bitcoin (BTC) technology.
The USTBL token will be issued on the Liquid Network, which is a significant layer-2 solution designed to enhance Bitcoin’s capabilities. This technology facilitates secure and efficient transactions, distinguishing it from traditional securities offerings.
Investors engaging with the USTBL token can expect a yield to maturity of approximately 5.02% per annum, reflecting the attractive return of short-term U.S. Treasury investments. Additionally, the net proceeds from this offering are set to be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which tracks USD-denominated government bonds, further solidifying the offering’s legitimacy and potential for profitability.
Investors can buy the token with Tether’s USDt stablecoin
Investors interested in the USTBL token will initially have the opportunity to make purchases utilizing Tether’s USDt (USDT) stablecoin. This move leverages the widespread adoption and stability of USDT within the crypto community, providing a familiar environment for investment. In the future, purchasing options will expand to include Bitcoin, further increasing accessibility for diverse investor profiles.