Bitfinex Securities has made an announcement that Alternative, a fund manager based in Luxembourg, has successfully raised around $5.2 million in USDT tokenized bonds with a maturity period of 36 months. This move to tokenize real-world assets on blockchain technology is expected to break open the global economy that was previously hindered by geopolitical differences.
The cryptocurrency industry has greatly amplified the use cases of blockchain technology over the past few years, turning it into a trillion-dollar space. The tokenization of real-world assets is predicted to drive the next phase of blockchain adoption, attracting both retail traders and institutional investors. Additionally, major global regulators, led by G20 nations, have been enacting and implementing crypto and blockchain regulations that are favorable.
Bitfinex Securities has revealed that Mikro Kapital-managed Alternative has successfully raised approximately $5.2 million in USDT through the ALT2612 tokenized bond. This marks the first tokenized bond closure, and Bitfinex has emphasized that more issuances will follow in the coming years. The ALT2612 has a 36-month term and a 10% coupon, which will be denominated in Tether’s USDT.
The announcement states that the ALT2612 will be issued on the Liquid Network, a side-chain of the Bitcoin blockchain that enables the use of smart contracts for regulated security offerings. The Liquid Network also allows investors to seamlessly trade tokenized assets with deep liquidity and self-custody services. Bitfinex Securities and Mikro Kapital have formed a strategic collaboration to modernize the microfinancing sector through the use of Tether’s USDT and EURT.
Jesse Knutson, Head of Operations at Bitfinex Securities, expressed excitement about the collaboration with Mikro Kapital and the support they will provide in future tokenized bond issuances. Vincenzo Trani, the President and founder of Mikro Kapital, echoed similar sentiments, stating that small entrepreneurs can now access deep liquidity in a regulated manner through the crypto asset industry. The gap between traditional finance and the crypto space is expected to narrow significantly in the coming years.
Paolo Ardoino, CEO of Tether and CTO of Bitfinex Securities, emphasized that this proof of concept issuance is a significant step towards integrating USDT in the microfinancing industry. The goal is to bridge the gap between traditional and crypto investors, educating them about the benefits of high-quality securities and tokenization. Mikro Kapital plays an indispensable role in this endeavor.
The increased use of blockchain technology to connect global investors and business developers is expected to significantly boost the adoption of stablecoins and crypto assets. The tokenization of real-world assets has attracted the interest of many institutions looking to tap into the rapidly growing web3 industry. As a result, Bitcoin and crypto liquidity will likely see significant improvement in the coming years, particularly on layer one and two altcoins such as Solana, Polygon, Arbitrum, Cardano, and Ethereum, among others. Experts predict that Bitcoin’s long-term prospects will remain bullish, with the decoupling of Bitcoin from Gold in terms of total market capitalization. Furthermore, the imminent introduction of a spot Bitcoin ETF in the United States is expected to bring trillions of dollars into the crypto industry in the coming years.