According to Foresight News, as reported by Cointelegraph, the Salvadoran 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 two. NextBridge founder Michele Crivelli stated that the tokens will be tradable on the secondary market, with a redemption period starting in March 2025, and a target issuance scale of $200 million.