These bonds will be issued on the Liquid Network, a Bitcoin sidechain designed for asset issuance, including stablecoins and regulated security token offerings. The program includes an 11-month bond with a 10% coupon rate and a 36-month bond with a 13.5% coupon rate. The issuance begins on July 3 and closes on July 31.

Bitfinex Securities’ first tokenized bond on the Liquid Network, also with Mikro Kapital, raised over $5 million in USDT in December 2023. The Liquid Network facilitates compliant issuances, allowing investors to self-custody, withdraw, and trade securities peer-to-peer.

“By leveraging the Liquid Network, we are introducing innovative financial solutions that merge the strengths of traditional and crypto investments,” said Jesse Knutson, Head of Operations at Bitfinex Securities. “We are thrilled to continue our collaboration with Mikro Kapital and support them in bringing new forms of financing to the microfinancing sector through this latest tokenized bond issuance.”

Proceeds from this issuance will support microfinance and sharing economy projects, aiding small businesses and entrepreneurs in emerging markets. Mikro Kapital’s securitization fund, with a loan portfolio of around €300 million ($323 million), supports 180,000 borrowers in 10 countries.

Bitfinex Securities launched its digital asset services in El Salvador in January and in Kazakhstan initially. The firm also announced a $6.25 million tokenized debt issue for an El Salvador airport Hampton by Hilton hotel complex in April.

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