March 19 Tokenized ALT2612 bond makes first coupon payment
ALT2612, one of the world's first tokenized bonds, has successfully paid its first coupon on Bitfinex Securities.
Mikro Kapital, one of the world's leading microfinance lenders, issued the bond in December 2023 through its Luxembourg-based securitization fund, Alternative. Mikro Kapital has a diversified loan portfolio of 300,000 borrowers in 14 countries, worth more than 1 billion euros ($1.09 billion).
The bond carries a 10% coupon and is repaid quarterly, over the life of the bond, which is 36 months. Under the terms of the coupon payment, ALT2612 paid over $130,000 to investors' Bitfinex Securities wallets in USDt.
ALT2612 was issued on Liquid Network, a sidechain of the Bitcoin blockchain, specifically designed for the issuance of assets such as regulated security token offerings. With the ability to apply transfer restrictions and create whitelists, liquid securities token offerings allow issuers to meet their regulatory obligations while allowing investors to self-custody, withdraw, and even deposit. 'exchange securities between peers.
The issue has acquired debt and equity exposures of microfinance companies, banks and other financial institutions that provide financing services to micro, small and medium enterprises and entrepreneurs in Europe, Central Asia and in emerging countries along the historic Silk Road.
Jesse Knutson, Head of Operations at Bitfinex Securities, commented: “We are excited to demonstrate the efficiencies our technology can bring to both investors and issuers and look forward to further issuances with Mikro Kapital at the future. »
For more information on ALT2612, visit Bitfinex Securities and check out the AMA between Jesse Knutson and Michele Mattioda of Mikro Kapital.