Bitfinex Securities launches tokenized U.S. Treasury bills in El Salvador

Bitfinex Securities, a trading platform under Bitfinex, has launched tokenized U.S. Treasury bills in El Salvador, issued by NexBridge Digital, according to CryptoPotato. This is the first offering under the country’s new securities licensing rules. The tokens represent short-term U.S. Treasury bonds and the funds raised will go toward the iShares $ Treasury Bond 0-1yr UCITS ETF, which tracks bonds with maturities of less than a year. The initial subscription period runs from Nov. 19 to 29, with a goal of raising at least $30 million. Investments will initially be accepted in USDT and later in Bitcoin. Once listed, the tokens will trade under the ticker USTBL, offering easier access to Treasury investments through blockchain technology. This initiative aims to integrate traditional finance with blockchain to develop El Salvador's tokenized securities market.