Bitfinex Securities Launches Regulated Public Offering of Tokenized US Treasury Bills in El Salvador
Bitfinex Securities has introduced the world’s first regulated public offering of tokenized U.S. Treasury Bills, utilizing El Salvador’s newly established securities licensing framework.
The token, issued by NexBridge Digital Financial Solutions, offers investors exposure to short-term U.S. Treasury Bills, all denominated in U.S. dollars.
After the initial subscription period concludes, the token will be available for trading on Bitfinex Securities’ secondary market under the ticker USTBL.
Jesse Knutson, Head of Operations at Bitfinex Securities, stated: “This issuance is a major advancement in financial technology, combining the security of government-backed securities with the flexibility and efficiency of digital assets.”
He continued, “Including USTBL tokens in investment portfolios will allow investors to balance their digital asset holdings with the stability of traditional financial instruments, providing a new diversification tool that can help reduce overall portfolio risk.”
Nicolas Cane, CEO of NexBridge, commented, “By bringing U.S. Treasury Bills on-chain, we are not only providing a secure and compliant investment opportunity, but also setting the stage for a new paradigm in finance. Our goal is to create a connected environment where traditional assets and blockchain technology merge seamlessly, promoting a transparent and efficient financial ecosystem for investors globally.”
El Salvador introduced its securities law in January 2023, and Bitfinex Securities became the first platform to receive a Digital Asset License under this regulatory framework.
