Bitfinex Unveils Tether-Denominated Bond Set to Debut in November

<p>Bitfinex Securities has announced its first-ever
tokenized bond set to debut in November. This bond, denominated in
Tether and offering a coupon rate of 10% over 36 months, aims to enhance the process of raising capital. </p><p>Dubbed ALT2611, the tokenized bond is set to acquire
risks associated with the debt and equity of microfinance organizations, small
financial institutions, leasing companies, and banks across Italy, Romania,
Moldova, and other developing nations along the historic Silk Road, the crypto
exchange said. </p><p>Bitfinex Lures Investors with Lucrative Returns </p><p>Paolo Ardoino, the Chief Technology Officer at
Bitfinex and the incoming CEO of Tether praised this initiative, describing it as the dawn
of a new era in the world of finance. Bitfinex Securities aims to create liquid markets with the new offering, redefining
the dynamics of stock and fund markets.</p><blockquote><p lang="en" dir="ltr">Exciting!This is the first bond listed on Bitfinex Securities. A new era for capital raises through deep liquid markets and stock/fond markets has begun.Furthermore <a href="https://twitter.com/search?q=%24USDt&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDt</a> will become the underlying denomination asset of this new financial ecosystem.And yes. It leverages… <a href="https://t.co/ekXj3gY7Xj">https://t.co/ekXj3gY7Xj</a></p>— Paolo Ardoino