2024-11-18 | 9862Added · Updated
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:
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
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.
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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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