Bitfinex Securities, a digital asset marketplace, reports that ALT2612, a tokenized bond, has issued its first payment to investors.
Microlender Mikro Kapital issued the digital asset in 2023. The bond, which represents approximately 300,000 borrowers in 14 different countries, has a value of €1.09 billion.
The coupon on the digital bond pays 10%, paid quarterly, for the duration of the bond which is 36 months. The distributions are made in USDt to investors who hold the asset in the Bitfinex digital wallet.
The digital asset was issued on the Liquid Network which allows issuers to meet regulatory obligations while still enabling investors the ability to self-custody, withdraw, and trade securities peer to peer.
Jesse Knutson, head of operations at Bitfinex Securities, commented on the distribution:
“We are pleased to demonstrate the efficiencies our technology can bring to both investors and issuers and look forward to more issuances with Mikro Kapital in the future.”
Mikro Kapital issued the bond via their Luxembourg-based securitization fund. The European Union has been a leader in incorporating rules that support digital securities.
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