El Salvador to Launch First Regulated Tokenized U.S. Treasury Bill Offering with Bitfinex Partnership

El Salvador is about to launch its first regulated tokenized U.S. Treasury Bill (T-Bill) offering. This move opens up investment opportunities for individuals and organizations that have been previously excluded.

NexBridge Digital Financial Solutions, a licensed digital asset issuer in the country, has partnered with Bitfinex Securities to introduce this new product.

The subscription period kicks off on Tuesday and runs until November 29. Investors can use Tether’s stablecoin (USDT) to purchase tokens. Excitingly, there are plans to accept bitcoin (BTC) in the future.

Once the subscription closes, the tokens will trade on Bitfinex Securities’ secondary market under the ticker USTBL. These tokens will be linked to BlackRock’s short-term Treasury bond ETF. Bitfinex Securities aims to raise at least $30 million through this initiative.

“By leveraging Bitcoin’s technology and infrastructure, we’re laying the foundation for a globally accessible financial ecosystem. This will bring tokenized U.S. Treasuries to investors worldwide,” said Michele Crivelli, Founder of NexBridge.

The tokenization of real-world assets (RWAs) is growing rapidly. Earlier this month, BNB Chain launched a tokenization portal to simplify access for new Web3 users.

Similarly, MANTRA introduced its mainnet, enabling on-chain RWA integration. This move boosted the utility of its OM token, which surged over 200% in November, reaching a new all-time high.

El Salvador is making significant strides in its financial developments. The government recently launched its third dollar bond buyback, targeting over $2.5 billion in bonds, contingent on securing new financing. This decision followed Bitcoin's all-time high after the elections.

Moreover, a potential second term for former U.S. President Donald Trump could benefit President Nayib Bukele’s administration. It might improve El Salvador’s chances of obtaining financial support from the International Monetary Fund (IMF).

Back in 2021, El Salvador gained international recognition as the first nation to adopt Bitcoin as legal tender. Today, the country’s Bitcoin holdings are valued at approximately $515 million.