2024-11-18 | 9861Added · Updated
NexBridge, in collaboration with Bitfinex Securities, has launched USTBL, the first regulated public offering of tokenized U.S. Treasury Bills built on Bitcoin's Liquid Network. Operating under El Salvador's Digital Asset Law, this $30 million issuance aims to establish standardized compliance rules and reduce reliance on traditional financial intermediaries. The initiative seeks to democratize access to stable government-backed securities while leveraging Blockstream’s AMP technology for secure, interoperable asset management.
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NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio insigne, nivel 11, oficina no. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io EMBARGOED UNTIL TUESDAY, NOVEMBER 19TH 9 AM EST (8 AM SAN SALVADOR) NexBridge Launches First Regulated Public Offering of Tokenized U.S. Treasury Bills Alongside Bitfinex Securities, NexBridge seeks to bring regulated Treasury exposure leveraging Bitcoin's 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, today 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, providing investors with efficient access to U.S. Treasury returns through a regulated digital asset structure. While Treasury Bill tokenization has been explored before, this marks the first on-chain, regulated public offering executed with the goal of setting standardized rules for issuers to ensure interoperability and compliance across exchanges and jurisdictions. "We are establishing a new standard for how financial markets can operate in the digital age,” said Michele Crivelli, Founder of NexBridge. “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.” Key Facts of the Announcement:
NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio insigne, nivel 11, oficina no. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io
NexBridge Digital Financial Solutions S.A de C.V Av. Las Magnolias, 206. Edificio insigne, nivel 11, oficina no. 1107 San Salvador, El Salvador. info@nexbridge.io | www.nexbridge.io About NexBridge NexBridge® is a digital asset issuer specializing in the tokenization of financial assets— including publicly traded securities, private investment funds, and project-specific financial instruments. As a Digital Asset Service Provider (DASP), NexBridge provides comprehensive support to issuers, from strategic analysis to administrative management, helping them succeed in the digital finance landscape. The company’s commitment to security, transparency, and compliance underpins its mission to make traditional financial assets accessible to a global audience through blockchain technology. For more information about USTBL and NexBridge, visit issuance website at ustbl.io and 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 around the world. Serving as the technical provider for the Liquid Network, Blockstream offers a sidechain solution that enables secure, trustless Bitcoin swap settlements and robust smart contracts, empowering financial institutions to tokenize assets efficiently. The company’s Core Lightning is a leading implementation of the open Lightning Network protocol, widely adopted for enterprise Bitcoin Lightning Network deployments. Blockstream Jade, an open-source hardware wallet, delivers advanced security for Bitcoin and Liquid assets in an easy-to-use form factor. For consumers, Blockstream Green is a highly secure and user-friendly Bitcoin wallet. About Bitfinex Securities Founded in 2021, Bitfinex Securities seeks to harness the technological advancements of the digital asset industry to transform global capital markets. With real-time settlement, 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
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Source: Comision Nacional de Activos Digitales — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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