24/7 Cryptocurrency News

ALT2611 Tokenized Bond Debuts on Bitfinex Platform

Bitfinex introduces ALT2611 bond, targeting microfinance growth along the Silk Road, ensuring investor security.
Published by
ALT2611 Tokenized Bond Debuts on Bitfinex Platform

Bitfinex Securities steps into a novel phase of financial solutions by announcing its first tokenized bond, ALT2611. The bond, issued by global microfinance leader Mikro Kapital, features a 36-month tenure with a 10% coupon, denominated in Tether (USDT). It specifically targets the development of microfinance institutions, focusing on several European countries and broader regions along the historical Silk Road.

Advertisement

Bitfinex Launches ALT2611, Eyes Microfinance

Mikro Kapital is issuing 100,000 securitized ALT2611 tokens, aiming to generate 10 million USDT. The emphasis is on bolstering microfinance entities, small-scale financial institutions, and banks within Italy, Romania, Moldova, and countries along the Silk Road. This strategic move is set to foster financial inclusion, assisting in the economic uplift of these regions. However, the offer steers clear of U.S. citizens and other jurisdictions where such a sale could contravene local laws.

Bitfinex Securities’ platform plays a pivotal role in this arrangement. It not only provides a robust infrastructure for such securities to be listed, traded, and managed efficiently, but also facilitates direct interaction between issuers and investors. This systematic approach ensures seamless trading of blockchain-based bonds, stocks, and various financial instruments.

Paolo Ardoino, Bitfinex’s chief technology officer, marked the launch as the commencement of a transformative journey for capital ventures. Besides the traditional methods, the introduction of such digital securities indicates a significant shift toward more liquid markets. This mechanism promises a reshaping of how capital raising and security trading are perceived and operated.

The ALT2611 bond ushers in new opportunities for investors, allowing entry at 100 USDT per token with a minimum investment threshold of 125,000 USDT. Additionally, the bond, subject to Luxembourg’s jurisdiction, promises a structured payout over a three-year maturity period.

Advertisement

ALT2611 Bond Debuts Amid Tight Regulations

Following the recent $150 million share buyback announcement, Bitfinex reiterates its commitment to safeguarding investor interests. The move also solidifies its stance on regulatory compliance, ensuring its operations align with jurisdictional stipulations. Consequently, the ALT2611 bond excludes U.S. participants and restricts access to other regions where its distribution might breach legal boundaries.

The induction of ALT2611 into Bitfinex Securities’ platform heralds a practical shift in inaccessible, transparent, and secure investment avenues. By integrating blockchain’s transparency with tried-and-tested security trading, Bitfinex and Mikro Kapital are setting a precedent for others to follow in the digital finance field.

Read Also: Will Bitcoin Price Hit New All-Time Highs in 2023?

Advertisement

Share
Maxwell Mutuma

Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. I write extensively on topics such as blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%

VanEck has formally registered its VanEck Lido Staked Ethereum ETF in Delaware. If approved, this…

October 3, 2025
  • 24/7 Cryptocurrency News

Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks

Federal Reserve Bank of Dallas President Lorie Logan is the latest Fed official to share…

October 3, 2025
  • 24/7 Cryptocurrency News

Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury

Australia’s Fitell Corporation has purchased 216.8 million PUMP tokens for $1.5 million. The Nasdaq-listed company…

October 3, 2025
  • 24/7 Cryptocurrency News

FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading

FG Nexus has announced that it will allow shareholders to convert common stock into tokenized…

October 2, 2025
  • Bitcoin News

Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000

JPMorgan says Bitcoin (BTC) is undervalued compared to gold and could rise to $165,000, giving…

October 2, 2025
  • 24/7 Cryptocurrency News

Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand

Derivatives exchange CME Group has announced plans to begin offering 247/7  crypto futures and options…

October 2, 2025