【El Salvador's platform NextBridge raises $30 million through the issuance of tokenized U.S. Treasury bonds】Golden Finance reports that El Salvador's platform NextBridge has completed a token sale backed by U.S. Treasury bonds worth $30 million, with the issuance completed in November. The initial subscription for the USTBL token was conducted through Bitfinex Securities, a sister company of the stablecoin issuer Tether. According to NextBridge, each token will correspond to a proportional share of the managed assets, with a target total issuance of U.S. Treasury bonds worth $200 million. The USTBL token is built on the Bitcoin blockchain and operates through the Layer 2 protocol Liquid Network. According to NexBridge founder Michele Crivelli, the token can be traded in the secondary market, but redemption will not be possible until March 2025. The USTBL token is governed by El Salvador's securities law and regulated by the country's National Digital Assets Commission.
