The Salvadoran financial platform NextBridge raised $30 million through the first round of USTBL token issuance

2024-12-04 22:08:51

Collection

ChainCatcher news, according to Cointelegraph, El Salvador's financial platform NextBridge has completed the first round of USTBL token issuance through Bitfinex Securities, raising $30 million. The underlying asset of the token is U.S. Treasury bonds, built on the Bitcoin blockchain and operating on the Liquid Network layer two.

NextBridge founder Michele Crivelli stated that the tokens can be traded on the secondary market, with the redemption period set to begin in March 2025, aiming for an issuance scale of $200 million.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.