CoinVoice has learned that, according to Cointelegraph, El Salvador's financial platform NextBridge has completed the first round of USTBL token issuance through Bitfinex Securities, raising $30 million. The underlying asset of the token is U.S. Treasury bonds, built on the Bitcoin blockchain and operating on the Liquid Network Layer 2.
NextBridge founder Michele Crivelli stated that the tokens can be traded on the secondary market, with the redemption period set to begin in March 2025, aiming for an issuance scale of $200 million. [Original link]