Bitfinex Securities Launches Tokenized U.S. Treasury Bills in El Salvador

San Salvador, El Salvador — Bitfinex Securities El Salvador S.A. de C.V. has launched the first regulated public offering of tokenized U.S. Treasury Bills under El Salvador’s innovative securities licensing framework. This move positions the country as a leader in integrating traditional financial assets with digital technologies.

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The offering, spearheaded by NexBridge Digital Financial Solutions, gives investors access to U.S. Treasury Bills, combining the reliability of government-backed securities with blockchain efficiency. Proceeds from the sale will be directed to the iShares $ Treasury Bond 0-1yr UCITS ETF, ensuring that the tokens are backed by a stable and recognized asset.
The initial goal is to raise $30 million during the subscription period, which runs from November 19 to November 29, 2024.
Following this, regular subscription windows will open. Investors can initially purchase the token using Tether (USDt), with Bitcoin (BTC) options coming soon.

Trading under the ticker USTBL will begin on Bitfinex Securities’ secondary market after the initial subscription closes. The tokens aim to democratize Treasury Bill investments, making them accessible to a broader audience.

El Salvador’s Regulatory Breakthrough

This launch builds on El Salvador’s pioneering securities law, introduced in January 2023, which enabled platforms like Bitfinex Securities to obtain Digital Asset Licenses. Since then, the country has seen a surge in digital asset issuance, strengthening its reputation as a hub for financial innovation.

Jesse Knutson, Head of Operations at Bitfinex Securities, emphasized the transformative potential of USTBL:
“This issuance bridges the stability of U.S. Treasury Bills with the flexibility of blockchain technology. It’s a milestone for financial diversification and risk reduction.”

Jesse Knutson, Head of Operations at Bitfinex Securities
Nicolas Cane, CEO of NexBridge, highlighted the project’s long-term vision:
“By bringing U.S. Treasury Bills on-chain, we’re not just creating a compliant investment opportunity but laying the groundwork for a new financial standard. Partnering with Bitfinex Securities is key to making this vision a reality.”

Nicolas Cane, CEO of NexBridge
Revolutionizing Capital Markets

Bitfinex Securities, founded in 2021, aims to reimagine global capital markets with real-time settlement, 24/7 trading, and global liquidity access. It operates under strict regulations in Kazakhstan and El Salvador, ensuring compliance and security.
Meanwhile, NexBridge specializes in tokenizing traditional assets, from securities to investment funds, accelerating the integration of finance and blockchain.

With the USTBL token, Bitfinex Securities and NexBridge are offering a groundbreaking investment vehicle that merges the old and new worlds of finance. This launch cements El Salvador’s role as a trailblazer in digital finance, paving the way for a more inclusive and efficient global investment ecosystem.