🌋 Tether Tokenized Bond Offering Records Limited Sales
posted 29 Nov 2023
The initial offering of tokenized bonds ALT2611 on Bitfinex Securities, a
platform focusing on RWAs, failed to attract the expected interest.
ALT2611
is a 36-month 10% coupon bond denominated in USDT. It was issued by
Alternative, a Luxembourg-based securitization fund, on the Liquid
Network.
Despite aiming to raise $10 million since its launch on November 15, the bonds only secured
$1.5 million during the initial two-week period. Due to this shortfall,
the fundraising window has been extended for another two weeks.
One
potential reason for the lukewarm response could be the exclusion of
ALT2611 from the U.S. market, as it is not offered to American citizens
or residents, which might have limited its overall demand.
More breaking news
