New Issuance Builds on Three-Year Track Record of Successful Tokenised Bond Cycles Executed Through Bitfinex Securities for ALTERNATIVE
- Bitfinex Securities is to recommence facilitation of regular tokenised bond issuances from ALTERNATIVE, building on an initial issuance programme, first established in 2023.
- The bonds will be denominated in USDt and settled on the Liquid Network Bitcoin sidechain with all capital raises, coupon payments and principal repayments executed on-chain.
- Future issuance expected to exceed /c. US$10m, expanding Bitfinex Securities’ current $250 million tokenised securities offering.
Astana International Finance Centre, Kazakhstan, 2 March, 2026 — Bitfinex Securities, a leading tokenised securities capital raise and trading platform, is to recommence regular tokenised bond issuances from ALTERNATIVE, a Luxembourg-based securitisation fund managed by MK Global Kapital Sàrl, previously branded Mikro Kapital. The new issuance plan marks a continuation of a successful collaboration between Bitfinex Securities and ALTERNATIVE, which has already seen the issuance of four tokenised bonds totalling US$6.2 million-equivalent, and the completion of the first full tokenised bond cycle in 2025.
The issuances have positioned Bitfinex Securities as one of the world’s leading regulated venues for real-world asset (RWA) tokenisation, providing issuers with access to a global investor base, and investors with access to transparent, blockchain-enabled securities.
Since the collaboration commenced in 2023, it has delivered a consistent operational record across four tokenised bond issuances ($6.2 million-equivalent), of which, three bonds have matured and are fully repaid ($1 million-equivalent), with 20 coupon payments totalling more than $1.1 million-equivalent. The successful repayment of all matured issuances demonstrates both the robustness of the tokenised bond model and the reliability of the infrastructure Bitfinex Securities provides.
Tokenised bonds from ALTERNATIVE provide investors exposure to real-economy impact investments across emerging markets, including support for women-led enterprises and small and medium-sized enterprises (SMEs). The programme aligns impact finance objectives with the transparency and efficiency of blockchain-based settlement, made accessible through Bitfinex Securities’ trading platform.
Bitfinex Securities, regulated in both the Astana International Finance Centre in Kazakhstan, and in El Salvador, provides the end-to-end market infrastructure that facilitates ALTERNATIVE’s tokenised bonds — from issuance and listing through to secondary market trading. This infrastructure gives investors enhanced liquidity and flexibility, whilst ensuring full regulatory compliance throughout the investment lifecycle.
The tokenised bonds issued by ALTERNATIVE will be denominated in USD-pegged Tether Tokens (USDt) and settled on the Liquid Network, a Bitcoin sidechain. It is expected that future issuance of ALTERNATIVE tokenised bonds will exceed $10 million. All capital raises, coupon payments and principal repayments will be executed in USDt, providing investors with stable, transparent settlement. Bitfinex Securities will also handle investor onboarding and redemption workflows. Token issuance and management is supported by Hadron, Tether’s RWA asset tokenisation platform.
Jesse Knutson, Head of Operations at Bitfinex Securities, said: “this listing is part of Bitfinex Securities’ broader strategy to expand its portfolio of tokenised securities and RWA assets, connecting global investors with regulated, blockchain-based instruments across a growing range of asset classes and geographies. The platform today offers $250 million of investable regulated securities tokens and deepens its role at the intersection of traditional finance infrastructure and blockchain innovation.”
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About Bitfinex Securities
Founded in 2021, Bitfinex Securities seeks to harness the technological advancements of the digital asset industry to transform global capital markets. With real-time settlement, 24/7/365 trading capabilities, access to global liquidity, and support for self-custody, Bitfinex Securities aims to create more efficient, cost-effective, and seamless interactions between investors and issuers. Bitfinex Securities is licensed and regulated in the Astana International Financial Centre in Kazakhstan and El Salvador.