2024-11-18 | 9862

NexBridge Launches First Regulated Public Offering of Tokenized US Treasury Bonds

NexBridge, in collaboration with Bitfinex Securities and Blockstream, has launched USTBL, the first regulated public offering of tokenized US Treasury bonds built on the Bitcoin Liquid Network. This initiative, operating under El Salvador's Digital Assets Law, aims to democratize access to government-backed securities by reducing intermediary costs and establishing standardized interoperability rules. The initial flexible offering limit is set at $30 million, with expectations to significantly increase the total value of real-world assets on the blockchain network.

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NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio Insigne, Level 11, Office No. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io EMBARGOED UNTIL TUESDAY, NOVEMBER 19 AT 9 AM EST (8 AM IN SAN SALVADOR) NexBridge Launches First Regulated Public Offering of Tokenized US Treasury Bonds In collaboration with Bitfinex Securities, NexBridge seeks to offer regulated exposure to Treasury bonds using the Bitcoin Liquid Network and Blockstream's AMP technology.

SAN SALVADOR, El Salvador -- November 19, 2024 – NexBridge, a digital asset issuer specializing in the tokenization of financial assets, announced today the launch of USTBL, the first regulated offering of exposure to US Treasury bonds built on Bitcoin technology. The initial offering has a flexible limit of $30 million, providing investors with efficient access to Treasury bond yields through a regulated digital asset structure.

While the tokenization of Treasury bonds has been explored before, this is the first regulated public offering on blockchain designed to establish standardized rules ensuring interoperability and regulatory compliance across exchanges and jurisdictions.

"We are setting a new standard for the operation of financial markets in the digital era," said Michele Crivelli, founder of NexBridge. "By leveraging Bitcoin technology and infrastructure, we are laying the foundations for a globally accessible financial ecosystem, bringing tokenized Treasury bonds to investors worldwide while maintaining full regulatory compliance."

Key aspects of the announcement: • USTBL is built on the Bitcoin Liquid Network, utilizing Blockstream's Asset Management Platform (AMP) for issuance and management, enabling standardized compliance rules that function across multiple jurisdictions while maintaining the security and transparency for which Bitcoin is recognized. Blockstream, led by renowned cryptographer Dr. Adam Back as CEO, is the technical provider of the Liquid Network. This upcoming USTBL issuance is expected to increase the total value of real-world assets (RWAs) on the network to over $2 billion, representing more than 15% of the total market of blockchain-based RWAs. • NexBridge joins the Liquid Federation, a geographically and geopolitically diverse group of more than 70 Bitcoin companies and exchanges that govern the Liquid Network, the primary second-layer and sidechain solution for Bitcoin specialized in issuing digital assets such as securities, bonds, and stablecoins. • Operating under El Salvador's Digital Assets Law, which provides the clearest regulatory framework for tokenized assets globally, this regulatory alignment means that USTBL is a fully compliant digital asset, combining traditional financial security with the decentralized advantages of blockchain.

NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio Insigne, Level 11, Office No. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io • Bitfinex Securities, the first platform to receive a Digital Assets License under El Salvador's 2023 Securities Law, will list USTBL with an initial flexible limit offering set at $30 million.

A Solution to Traditional Finance Barriers USTBL directly addresses two main challenges of traditional finance: accessibility and costs. The traditional system for accessing exposure to US Treasury bonds requires multiple intermediaries - custodian banks, paying agents, asset managers, and trading platforms. By using Bitcoin technology to tokenize Treasury bonds, NexBridge reduces entry costs, decreases dependence on intermediaries and associated fees, thus providing a simplified and cost-effective investment vehicle.

"At Blockstream, we are committed to building the financial infrastructure of the future, and NexBridge's vision aligns perfectly with our mission," said Dr. Adam Back, CEO of Blockstream. "By using Blockstream's AMP technology on the Liquid Network, NexBridge is driving a more open and interconnected financial ecosystem and accelerating the adoption of blockchain-based financial infrastructure on a global scale."

"Bitfinex Securities is proud to collaborate with NexBridge on the first regulated public offering of tokenized US Treasury bonds in El Salvador. This issuance represents a significant advancement in financial technology by combining the security of government-backed securities with the adaptability and efficiency of digital assets," said Jesse Knutson, Head of Operations at Bitfinex Securities.

Financial inclusion is at the core of NexBridge's mission, enabling investors from diverse backgrounds to access assets and financial products that they otherwise could not have invested in. With USTBL, NexBridge is democratizing access to stable and regulated financial assets while maintaining institutional-grade security and compliance standards.

"The launch of USTBL demonstrates our commitment to building the future of capital markets on Bitcoin technology," said Nicolas Cane, CEO of NexBridge. "Traditional finance is ready to embrace blockchain, but it needs standards and interoperability, not fragmentation. By building on Bitcoin technology through the Liquid Network, we are creating a unified standard that allows for the fluid movement of assets across jurisdictions and exchanges."

About NexBridge NexBridge® is a digital asset issuer specializing in the tokenization of financial assets, including publicly traded assets, private investment funds, and project-specific financial instruments. As a Digital Asset Service Provider (DASP), NexBridge offers comprehensive support to issuers, from strategic analysis to administrative management, helping them succeed in the digital financial landscape. The company's commitment to security, transparency, and compliance supports its mission to make traditional financial assets accessible to a global audience through blockchain technology.

NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio Insigne, Level 11, Office No. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io For more information about USTBL and NexBridge, visit the issuance website at ustbl.io and the issuer website at nexbridge.io.

About Blockstream Founded in 2014, Blockstream is a global leader in Bitcoin and blockchain infrastructure, with offices and team members distributed worldwide. As the technical provider of the Liquid Network, Blockstream offers a sidechain solution that enables secure and trusted Bitcoin swap settlements, in addition to robust smart contracts, empowering financial institutions to tokenize assets efficiently. Blockstream's Core Lightning is a leading implementation of the open-source Lightning Network protocol, widely adopted for enterprise implementations of the Bitcoin Lightning Network. Blockstream Jade, an open-source hardware wallet, offers advanced security for Bitcoin and Liquid assets in an easy-to-use format. For consumers, Blockstream Green is a highly secure and user-friendly Bitcoin wallet.

About Bitfinex Securities Founded in 2021, Bitfinex Securities seeks to leverage technological advancements in the digital asset industry to transform global capital markets. With real-time settlements, 24/7/365 trading capabilities, access to global liquidity, and support for self-custody, Bitfinex Securities aims to create more efficient, cost-effective, and seamless interactions between investors and issuers. Bitfinex Securities is regulated in Kazakhstan and El Salvador.

Media Contact: Sam Shillet Ditto PR sam@dittopr.co