In an announcement shared with crypto.news on November 15, Bitfinex Securities Ltd, the first global digital asset platform licensed and registered with the AIFC, shared news of its new tokenized bond, which has since gone live.
The associated capital increase will last for two weeks, starting on the same day the announcement was made.
On the liquid network
The pioneer bond, ALT2611, is a 36-month bond with a 10% coupon, denominated in USDt, issued by Alternative, a Luxembourg-based securitization fund managed by Mikro Kapital. Quarterly coupon payments are made in USDt, with the minimum initial purchase size set at 125,000 USDt, while secondary market trading is available in denominations of 100 USDt.
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The bond itself is issued on the Liquid Network, a Bitcoin sidechain designed to facilitate fast, compliant, confidential settlement and the issuance of digital assets and tokenized securities.
After a security incident
This news comes after the announcement on November 6 that Bitfinex was addressing an issue related to a phishing attack.
Despite the incident being characterized in a blog post as a “minor information security incident,” no money lost was reported. The exchange clarified that the attack targeted customer accounts via a phishing attempt on Bitfinex’s customer support agent, while efforts were underway to strengthen security measures. At the same time, the UK Financial Conduct Authority has issued a warning against Bitfinex for unauthorized promotion of financial services and products.
Therefore, despite the news of a pioneer bond, history suggests that investors should proceed with caution.
Read more: Bitfinex receives warning for breaking UK laws
