ChainCatcher reported that The Block reported that Bitfinex Securities will launch two new tokenized bonds on the Bitcoin sidechain Liquid Network as part of an ongoing issuance plan with Luxembourg microfinance group Mikro Kapital. The issuance target is $10 million USDT, with a minimum investment of $125,000.
The two bonds are an 11-month bond with a coupon rate of 10%, and a 36-month bond with a coupon rate of 13.5%. The financing will start on July 3 and end on July 31. It is reported that Bitfinex Securities' first tokenized bond issued on Liquid Network raised more than $5 million USDT in December 2023.
Liquid Network is designed for issuing assets, including stablecoins and regulated security token issuances, enabling issuers to create compliant issuances while allowing investors to self-custody, withdraw, and trade securities peer-to-peer. Bitfinex Securities said the proceeds from the offering will be used to invest in microfinance and sharing economy projects to support small businesses and entrepreneurs in emerging markets.