- Bitfinex Securities introduces the ALT2611 tokenized bond, issued by Mikro Kapital, to facilitate growth in microfinance along the Silk Road, providing investors with a secure option.
- The bond offers a 36-month tenure with a 10% coupon, denominated in USDT, with a focus on developing microfinance institutions in various European countries and regions along the Silk Road.
In a groundbreaking development, Bitfinex Securities has unveiled the ALT2611 tokenized bond, marking a significant advancement in the realm of financial solutions. Issued by Mikro Kapital, a global leader in microfinance, the bond presents a 36-month tenure and a 10% coupon, all denominated in Tether (USDT). Its primary objective revolves around nurturing the growth of microfinance institutions, targeting a myriad of European countries and extending its reach to regions along the historic Silk Road.
Strengthening Microfinance Along the Silk Road
The introduction of 100,000 securitized ALT2611 tokens by Mikro Kapital stands as a strategic endeavor, with the aim to amass 10 million USDT. The focal point of this initiative is to empower small-scale financial institutions, banks, and microfinance entities operating within Italy, Romania, Moldova, and several countries positioned along the Silk Road. This is envisaged to drive financial inclusion and contribute to the economic prosperity of these areas. Nevertheless, it’s imperative to note that this offer is not extended to U.S. citizens and is restricted in jurisdictions where such a sale may contravene local regulations.
The Bitfinex Securities platform plays an indispensable role in this venture, offering a robust and reliable infrastructure for the listing, trading, and management of such securities. It paves the way for a direct and efficient interaction between issuers and investors, facilitating the trade of blockchain-based bonds, stocks, and an array of financial instruments.
Paolo Ardoino, the Chief Technology Officer at Bitfinex, underscores the launch of ALT2611 as a pivotal moment, heralding a transformative era in capital ventures. This introduction of digital securities is indicative of a shift towards more liquid markets and is set to redefine the paradigms of capital raising and security trading.
Investors looking to delve into this opportunity can start with as little as 100 USDT per token, subject to a minimum investment threshold of 125,000 USDT. Moreover, the bond, governed by Luxembourg’s jurisdiction, assures a structured payout across its three-year maturity period.
A Commitment to Compliance and Investor Security
In the wake of a substantial $150 million share buyback announcement, Bitfinex stands firm in its commitment to protecting investor interests and upholding regulatory compliance. This proactive approach ensures that operations are in line with jurisdictional regulations, maintaining a clear boundary from U.S. participants and other regions where distribution of the bond would be in violation of legal norms.
The ALT2611 bond’s integration into the Bitfinex Securities platform signifies a transformation in the landscape of accessible, transparent, and secure investment options. By marrying the transparency inherent in blockchain technology with the reliability of traditional security trading, Bitfinex and Mikro Kapital are laying down a template for future endeavors in digital finance.