El Salvador to debut its first tokenized US T-bills Offering Sources

El Salvador has finally embraced its first tokenized U.S. Treasuries offering after being one of the most pro-crypto nations. The offering will be offered through NexBridge, a digital asset issuer specializing in the tokenization of financial assets. Tokenized U.S. Treasuries are already doing well in the market. Choosing to come to the crypto hub  El […]

Nov 19, 2024 - 18:18
 0
El Salvador to debut its first tokenized US T-bills Offering Sources

El Salvador has finally embraced its first tokenized U.S. Treasuries offering after being one of the most pro-crypto nations. The offering will be offered through NexBridge, a digital asset issuer specializing in the tokenization of financial assets.

Tokenized U.S. Treasuries are already doing well in the market. Choosing to come to the crypto hub  El Salvador is already a great step. Reports say that it recently won a digital asset service license from local regulators as it has teamed up with Bitfinex Securities.

They will be recorded as the first to offer a regulated public tokenized T-Bill offering in El Salvador. According to the press release, the new product aims to give individuals and organizations who were previously unable to invest in these kinds of products access to T-Bill investments.

NexBridge joins in with El Salvador to further crypto adoption

NexBridge specializes in the tokenization of financial assets. Today, they have announced the launch of USTBL, the first regulated offering of tokenized U.S. Treasury exposure built on Bitcoin technology. 

The initial offering has a soft cap of $30 million. This will provide investors with efficient access to U.S. Treasury returns through a regulated digital asset structure.

Michele Crivelli, the founder of NexBridge, said, “We are establishing a new standard for how financial markets can operate in the digital age.” She further explains “By leveraging Bitcoin’s technology and infrastructure, we’re laying the foundation for a globally accessible financial ecosystem, bringing tokenized U.S. Treasuries to investors worldwide while maintaining full regulatory compliance.”

What NexBridge is uniquely bringing to the market

NexBridge operates under El Salvador’s Digital Asset Law, which is known to provide the clearest regulatory framework for tokenized securities globally. USTBL is a fully compliant digital asset; therefore, this alignment blends traditional financial security with blockchain’s decentralized advantages.

Moreover, USTBL is solving two problems in traditional finance: accessibility and cost. The traditional system for accessing U.S. Treasury exposure requires multiple intermediaries, which are custodian banks, paying agents, asset managers, and trading venues. 

By using Bitcoin’s technology to tokenize U.S. Treasuries, NexBridge lowers entry costs, reducing the reliance on intermediaries and associated fees, which will provide a simplified and cost-effective investment avenue.

NexBridge chosen partners

Bitfinex Securities, the first platform to receive a Digital Asset License under El Salvador’s 2023 securities law, will be listing USTBL.

Jesse Knutson, Head of Operations at Bitnex Securities, said, “Bitfinex Securities is proud to collaborate with NexBridge on the first regulated public offering of tokenized U.S. Treasury Bills in El Salvador. This issuance represents a significant step forward in financial technology by merging the security of government-backed securities with the adaptability and efficiency of digital assets.”

USTBL is built on Bitcoin’s liquid network using Blockstream’s Asset Management Platform (AMP), issuance and management. This will enable standardized compliance with rules that work across jurisdictions while maintaining the security and transparency guarantees that Bitcoin is known for.  

NexBridge will also join the Liquid Federation, a geographically and geopolitically diverse group of more than 70 Bitcoin companies and exchanges that govern the Liquid Network. 

Having studied the facts of the crypto market, NexBridge is likely to do well. They have chosen the best in the market, which is likely to increase the investor’s level of trust. Bitcoin is already doing well as a coin, and El Salvador makes the best investment for anything digital currency. 

The timing is also good considering Trump’s victory and the fact that the president of El Salvador, Nayib Bukele, was the first president to congratulate him. 

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

CryptoFortress Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.