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Cryptocurrency News Video
11-20 [International] El Salvador! Launched the first U.S. debt tokenized product
Nov 23, 2024 at 02:42 am Leo
Great, my LEO! Today we introduce the Bitcoin country El Salvador, aka the emerging cryptocurrency center, which has launched the first tokenized U.S. Treasury bond product. The purpose of this new product is to provide investment opportunities for individuals and institutions that were previously unable to invest in U.S. Treasury bonds. The product is launched by a local digital asset issuance company in El Salvador, NexBridge Digital Financial Solutions and Bitfinex Securities. It is also El Salvador’s first regulatory-approved, publicly tokenized government bond product. It was officially launched on Tuesday, raising at least US$30 million to provide investors with tokenized U.S. short-term Treasury bonds (T-Bill) investments. Chance. Investors can purchase tokens through USDT before November 29th, and will also support purchases in Bitcoin in the future. After the subscription period ends, the token will trade on Bitfinex Securities’ secondary market under the ticker USTBL, with the token’s value backed by BlackRock’s Treasury Bond ETF
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