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Mikro Kapital, Bitfinex Securities Launch Bonds
Mikro Kapital, a Luxembourg-based securities and token management organization, recently introduced the first tokenized bonds Microcredit to empower entrepreneurs.
Blockchain technology underpins the tokenized bonds for microcredit. Aside from its blockchain roots, the effort is founded on the basic purpose of increasing access to credit for people who actually need it.
According to a Funds Euro report, the offering was made possible via Mikro Kapital’s collaboration with Bitfinex Securities. The tokenization of Mikro Kapital products is shown in the alignment. It also includes the listing and trading of tokenized bonds on the Bitfinex Securities market.
To increase overall product acceptance, Mikro Kapital and Bitfinex Securities will investigate how Tether (USDT) and Tether Euro (EURT) can facilitate long-term liquidity provision for the offering.
The tokenized bonds are now available, with a total of $10 million USDT set aside for lending. The funds are available in denominations of 100 USDT, with a minimum entrance requirement of 125,000 USDT.
(With inputs from Shikha Singh)
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