El Salvador will soon see its first regulated tokenized US Treasury Bill (T-Bill) offering, providing access to this investment vehicle for individuals and organizations previously excluded.
NexBridge Digital Financial Solutions, a licensed digital asset issuer in the country, has partnered with Bitfinex Securities to introduce this new product.
Bitfinex Securities Want to Raise $30 Million for the Tokenized T-Bill
The subscription period for the offering begins Tuesday and runs until November 29. Investors can use Tether’s stablecoin (USDT) to purchase tokens, with plans to accept bitcoin (BTC) in the future.
After the subscription closes, the tokens will trade on Bitfinex Securities’ secondary market. It will be traded under the ticker USTBL. The value of these tokens will be tied to BlackRock’s short-term Treasury bond ETF. Bitfinex Securities aims to raise a minimum of $30 million through this…
