El Salvador Is Getting Its First Tokenized U.S. Treasuries Offering

In collaboration with Bitfinex Securities, NexBridge Digital Financial Solutions S.A de C.V – a digital asset issuer situated in El Salvador – has joined forces to introduce the nation’s inaugural regulated, tokenized public offering of T-Bills (Treasury Bills). This venture is made possible by the digital asset service license they recently received from local regulatory bodies.

Starting next Tuesday, I am proud to announce the launch of our innovative solution, designed to democratize access to Treasury Bill (T-Bill) investments for individuals and organizations who have been previously excluded from this market. Our mission is to garner at least $30 million in deposits, as stated in our official press release by Bitfinex Securities.

The initial subscription for the product begins on Tuesday, and will be open until November 29. Investors can purchase the token with Tether’s stablecoin (USDT), with plans to make it available in bitcoin {{BTC}], too. Following the subscription period, the tokens will trade on Bitfinex Securities’ secondary market under the ticker USTBL. The token’s value is backed by BlackRock’s short-term Treasury bond ETF (iShares Treasury Bond 0-1yr UCITS).

Transforming or breaking down real-world assets (RWA) into digital tokens is a quickly expanding field at the crossroads of digital assets and conventional finance. This process involves digitizing assets like bonds, credits, and funds on blockchain infrastructure, with the primary aim being to achieve quicker transactions and heightened operational efficiency compared to traditional financial systems’ methods.

As an analyst, I can share that the tokenized versions of U.S. Treasury notes have been leading the charge in the field of tokenization. According to data from rwa.xyz, these tokenized assets have seen a remarkable tripling in market size over the past year, now standing at $2.4 billion.

Incorporating USTBL tokens into investment portfolios allows investors to blend digital assets with the security of traditional finance, providing an innovative method for diversification that may lower overall investment risk,” Jesse Knutson, head of operations at Bitfinex Securities, explained in a statement.