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Category: CRYPTO NEWS
The post Bitfinex Securities to Launch Bitcoin Mining Tokenized Product in El Salvador appeared on BitcoinEthereumNews.com. Bitfinex Securities, a sister company of Tether, plans to launch Blockstream Mining Note 2 (BMN2) in El Salvador in Q1 of this year, according to a new report from Diario El Salvador. The planned move follows the successful launch of BMN1 in Luxembourg, which paid out over $70 million in Bitcoin to investors, a 108% return on their initial investment. This time, BMN2 will be issued from El Salvador, a move designed to democratize access to the unique investment vehicle. Jesse Knutson, head of operations at Bitfinex, explained that the minimum investment in Luxembourg was a hefty $100,000 for non-qualified investors. The Hotspot Meanwhile, El Salvador’s regulatory environment, especially with its Digital Assets Law, offers greater flexibility, paving the way for a much lower entry point and opening the door to a wider range of investors, according to Knutson. Enacted in January 2023, El Salvador’s Digital Assets Law is a regulatory framework for digital assets in the country. Aimed at providing legal clarity and fostering the growth of the digital asset industry in the Central American nation, the law allows for the tokenization of real-world assets and facilitates the issuance of stablecoins. #DeDinero Este miércoles se desarrolla el @BFXSecurities Day en El Salvador, un evento que reúne a inversionistas y personas con interés en conocer el mercado financiero basado en tokenización que construye el país. Esto se desarrolla en el marco de @PlanBElsalvador. Video:… pic.twitter.com/6w37M3Vb6M — Diario El Salvador (@elsalvador) January 29, 2025 The regulated platform, which specializes in the issuance and trading of tokenized financial instruments, including equities, bonds, real estate, and innovative products like hashrate contracts, recently launched USTBL, tokenized US Treasury notes (T-bills), under Salvadoran law. The launch, facilitated through the company’s partnership with NexBridge, is expected to generate an annual yield of approximately 5% upon maturity…
2025-01-31T09:45:05+00:00
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