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In recent months, we have seen several areas gaining more prominence in the crypto space. One of them is SocialFi, for example. Or the issue of tokenizing assets, known as RWA, which has caused the price of LINK Coin to skyrocket. Bitfinex exchange plans to take a big step in November. This situation may lead other exchanges, through their subsidiary companies, to enter this field and attract trillion-dollar giants to the blockchain.
Bitfinex Tokenized Bonds
Bitfinex Securities has launched to offer blockchain-based versions of securities that can already be purchased through investment firms. JP Morgan and many other major bond issuers are researching how to conduct bond issuances on the blockchain. Various trials and tests are ongoing. Then Bitfinex announced that it will release its first tokenized bond through its new investment platform next month.
Bitfinex Securities stated that it will purchase the risks associated with the debt and equity of microfinance institutions, leasing companies, and banks in developing countries such as Italy, Romania, and Moldova through the ALT2611 tokenized bond.
Bitfinex Securities platform will enable tokenized securities to reach larger audiences. Businesses can use Bitfinex Securities to list their tokenized securities directly on the stock exchange or facilitate the trading of securities through a capital raising platform.
A Trillion Dollar Opportunity
ALT2611 actually represents a major turning point for cryptocurrency investors. The world’s largest financial companies believe that tokenizing assets and issuing them is a good idea. This reduces costs in the process and increases the possibility of offering their products to more investors worldwide.
But there is a serious problem here. We know from the IPO periods of exchanges that people see cryptocurrencies as an opportunity for quick gains and potential purchases. So, will more risky bonds (private sector bonds) replace altcoins at some point due to the high possibility of volatility? When investors who invest in X cryptocurrency unit for renting GPU power want to buy bonds of a medium-sized chip factory, could this lead to a shift in interest?
In the first part of the movie “The Wolf of Wall Street,” we see someone selling stocks of small businesses. Today, we know that the fundamental motivation in crypto is the motto of high risk, high reward, rather than technology. So, the process that starts with ALT2611 may be the beginning of a new process for crypto. For now, those who want to invest in this bond need to have a minimum of $125,000. Only time will tell what different options we will see in the future.
