TechFlow news, November 19 — According to The Block, Bitfinex Securities announced the public offering of tokenized U.S. Treasury bonds under El Salvador’s new regulatory framework. The product will be issued by El Salvador-based digital asset issuer NexBridge Digital Financial Solutions on the Bitcoin Layer-2 network Liquid Network, with the ticker symbol USTBL and an expected annual yield of 5.02%.
The initial subscription period runs from November 19 to November 29, 2024, with a minimum fundraising target of $30 million. Proceeds will be invested in the iShares U.S. Treasury Short-Term Bond UCITS ETF. Investors can initially subscribe using USDT, with Bitcoin subscription channels to be opened later. After the subscription period ends, USTBL will be listed for secondary market trading against USDT on Bitfinex Securities, supporting instant settlement, whitelisted wallet withdrawals, and OTC trading.
