El Salvador's NextBridge has wrapped up a $30M token sale, backed by US Treasury bills, on the Bitcoin blockchain. 🎉 The USTBL tokens, linked to US Treasury securities, are tradable on Bitfinex Securities and run on the Liquid Network. But hold your horses—redemptions are set for March 2025!
Tokenized Treasurys are gaining traction, with competitors like BlackRock and Franklin Templeton joining the fray. Current on-chain government securities stand at $2.3B, shy of the $3B target.
Will tokenization transform other markets? Share your thoughts below! 💬