- Bitfinex Securities is restarting USDt-denominated tokenised bond issuances on Bitcoin’s Liquid Network, targeting more than US$10m (AU$14m) in future sales.
- Since 2023, four offerings have raised US$6.2m (AU$8.68m), returned US$1m (AU$1.4m) in principal and distributed over US$1.1m (AU$1.54m) in coupons.
- The platform operates under AIFC and El Salvador frameworks and lists around US$250m (AU$350m) in regulated tokenised securities.
Bitfinex Securities has resumed facilitating tokenised bond issuances for Luxembourg-based securitisation fund ALTERNATIVE, extending a programme first launched in 2023. The forthcoming USDt-denominated offerings are expected to exceed US$10 million (AU$14 million) and will be issued and settled on Bitcoin’s Liquid Network, with fundraising, coupon payments and principal repayments executed fully on-chain.
The renewed issuance builds on four prior tokenised bond sales since 2023 that totalled US$6.2 million (AU$8.68 million). Of those, three bonds have matured and were fully repaid, returning around US$1 million (AU$1.4 million) in principal to investors. Across the programme, investors received 20 on-chain coupon payments worth more than US$1.1 million (AU$1.54 million), culminating in the completion of the first full tokenised bond cycle in 2025.
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On-Chain Structure and Settlement
The bonds are denominated in USD-pegged Tether Tokens (USDt) and settle on the Liquid Network, a Bitcoin sidechain designed for more confidential and faster transfers. Bitfinex Securities manages issuance, listing, investor onboarding, redemption workflows and secondary market trading, while token management is supported by Tether’s Hadron platform.
The platform operates under regulatory frameworks in the Astana International Finance Centre in Kazakhstan and in El Salvador and currently lists approximately US$250 million (AU$350 million) in regulated tokenised securities. According to Jesse Knutson, the recommencement forms part of a broader effort to expand the range of regulated, blockchain-based securities available to global investors.
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