Bitfinex Securities to Launch Tokenized Bitcoin Mining Product Under El Salvador’s Flexible Digital Asset Laws

Bitfinex Securities, a digital securities exchange affiliated with Tether, plans to introduce the Blockstream Mining Note 2 (BMN2) under Salvadoran regulations.

The tokenized financial product, which provides investors with exposure to Bitcoin mining, follows the success of BMN1, which was issued in Luxembourg. The upcoming issuance in El Salvador aims to offer broader accessibility due to the country’s flexible digital asset laws.

BMN2’s Upcoming Launch

BMN2 builds on the model of BMN1, a Luxembourg-issued financial product that generated substantial returns. Over three years, BMN1 distributed over 1,212 BTC to investors, translating to approximately $70.7 million and delivering a 108% return on capital. Bitfinex Securities aims to list BMN2 on its platform within the first quarter of the year, enabling direct buying and selling.

Unlike Luxembourg, where non-qualified investors must meet a $100,000 minimum investment, El Salvador has no such requirement.

The country’s Digital Assets Law allows broader investor participation. This change lowers entry barriers and attracts a wider range of investors. Bitfinex Securities is currently working with El Salvador’s National Commission for Digital Assets (CNAD) to secure approval for the launch.

Tokenized Offerings in El Salvador

In a separate initiative, Bitfinex Securities recently launched a tokenized public offering of U.S. Treasury bills under El Salvador’s Digital Asset Issuance Act.

Built on Bitcoin’s Liquid network, the tokenized T-bills provide exposure to short-term U.S. Treasury securities denominated in U.S. dollars. This development aligns with the exchange’s broader strategy of expanding digital financial products in the country.

Meanwhile, Tether, the sister company of Bitfinex Securities, is also deepening its presence in El Salvador.

In January, the company disclosed relocating its operations and subsidiaries to the country. This move follows CNAD’s approval in August 2023, which granted Tether a Digital Asset Service Provider (DASP) license and permission to issue stablecoins.

The relocation reflects El Salvador’s pro-Bitcoin policies, which have positioned the nation as a key hub for digital asset initiatives.