- Bitfinex Securities launches USTBL tokens tied to US Treasury Bonds under El Salvador’s digital asset law.
- USTBL offers investment via Tether and Bitcoin with trading available on the secondary market in USDT.
- Tether supports the initiative with $102.5 billion in US Treasury holdings, highlighting its blockchain-finance integration efforts.
Bitfinex Securities has introduced tokenized US Treasury Bills, marking a pivotal step in merging traditional finance with blockchain. The initiative is enabled by El Salvador’s progressive digital asset regulations. Under this framework, Bitfinex Securities has launched the USTBL token, providing global investors with access to short-term US Treasury Bonds.
USTBL Opens New Investment Opportunities
The USTBL token is backed by shares in the iShares $ Treasury Bond 0-1yr UCITS ETF, which tracks short-term US Treasury Bonds. This structure ensures a stable investment backed by US government debt, appealing to investors worldwide. The subscription period for USTBL began on November 19, 2024, and will close on November 29, with a minimum funding target of $30 million.
Investors can participate using Tether, and Bitcoin payment support is expected soon. Following the subscription period, USTBL tokens will be tradable on the Bitfinex Securities secondary market, priced in USDT. The offering is poised to benefit smaller investors, especially in regions underserved by traditional banking systems.
El Salvador’s Framework for Digital Assets
El Salvador’s forward-looking approach to digital asset regulation has been instrumental in facilitating the USTBL launch. The country’s securities law, which grants licenses for digital asset issuance, has positioned it as a leader in blockchain integration. Since the introduction of this framework, several tokenized assets and stablecoins have been launched, showcasing the nation’s commitment to leveraging blockchain for economic development.
Tether, widely recognized for its USDT stablecoin, has played a crucial role in supporting this initiative. As of Q3 2024, Tether held $102.5 billion in US Treasury Bills, highlighting its robust position in bridging traditional finance with blockchain technology. Additionally, Tether’s recent collaborations, such as enabling MiCA-compliant stablecoins in Europe, underscore its expanding influence in blockchain-based financial solutions.
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