Regulatory Alerts2024-11-18 | 9852NexBridge USTBL Digital Asset Registration Information Document
NexBridge Digital Financial Solutions S.A. de C.V., registered with El Salvador's CNAD, has issued USTBL, a digital asset providing exposure to short-term US Treasury bonds via the iShares $ Treasury Bond 0-1yr UCITS ETF. The offering, facilitated by Bitfinex Securities El Salvador S.A. de C.V., allows subscriptions in USD, BTC, and stablecoins with an initial issuance range of USD 30 million to USD 200 million. The asset operates on the Liquid Network layer-2 blockchain, featuring dynamic subscription and redemption mechanisms while maintaining custody at Capital Union Bank.
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