Bitfinex Securities’ initial offering targets to raise a minimum of $30 million to proceed with the issuance of the token that will be traded under the ticker USTBL.
Bitfinex Securities, a digital securities exchange and sister firm of stablecoin issuer Tether, is debuting a tokenized public offering of tokenized United States Treasury bills (T-bills) under El Salvador’s legal framework.
As part of the offering, El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token that will be traded under the ticker USTBL. The token aims to provide investors with exposure to short-term US T-bills denominated in the US dollar (USD).
The initial offering by Bitfinex Securities targets to raise a minimum of $30 million to proceed with the issuance of the token, with the initial subscription period starting on Nov. 19, 2024, and ending on Nov. 29.
