ChainCatcher news, according to Cointelegraph, Salvadoran financial platform NextBridge completed the first round of USTBL token issuance through Bitfinex Securities, raising 30 million USD. The underlying asset of this token is U.S. Treasury bonds, built on the Bitcoin blockchain and operating on the Liquid Network layer two.

NextBridge founder Michele Crivelli stated that the tokens will be tradable on the secondary market, with the redemption period set to begin in March 2025, aiming for a total issuance scale of 200 million USD.