03 Oct Bitfinex Securities and Mikro Kapital Forge Strategic collaboration to deliver safety tokens to Microfinancing.
ASTANA, Kazakhstan, October 2, 2023 – Bitfinex Securities Ltd, which provides itemizing and buying and selling providers for safety tokens, is delighted to announce a groundbreaking Memorandum of Understanding (MOU) with Mikro Kapital, a Luxembourg-based influence finance and microfinance group.
The MOU will discover tasks to tokenize, listing and commerce debt securities, and consider using USD-backed Tether tokens (USDt) and Euro-backed Tether tokens (EURt) for capital elevating and microfinancing.
Mikro Kapital has a extremely diversified lending e-book of 300,000 debtors throughout 14 nations which is price roughly EUR1.35 billion in combination. Round 40% of debtors are girls who’re entrepreneurs in native, rural communities, primarily in service companies and agricultural companies.
The MOU gives the chance to discover how tokenized low-friction, low-volatility digital property might assist larger funding into microfinance alternatives.
Bitfinex Securities is a number one platform licensed throughout the FinTech Lab by the Astana Monetary Companies Authority, specialising within the itemizing and buying and selling of tokenized securities.
Paolo Ardoino, CTO of Bitfinex Securities stated: “The worldwide microfinancing market is on a trajectory to greater than double from 2020 to 2027. The rising demand for strong tokenised funding alternatives aligns completely with the experience Mikro Kapital brings to the microfinancing enviornment. We envision immense potential for tokenised securities and microfinancing options in rising markets.”
Jesse Knutson, Head of Operations at Bitfinex Securities, added, “Given Mikro Kapital’s robust monitor document in conventional capital markets we’re very happy to have been chosen to assist them consider tokenization choices. We proceed to see robust demand for yield within the digital asset trade. Tokenized bonds with clearly outlined issuer obligations and investor rights provide traders entry to engaging yields with a danger profile a lot decrease than what has beforehand been accessible within the digital asset trade.”
Vincenzo Trani, President of Mikro Kapital stated: “This collaboration represents a major milestone for our Group and can enable us to strategy the digitalization and blockchain expertise, due to the experience and assist of Bitfinex, a number one platform on this sector. Our goal is to create new alternatives for traders and microfinance trade. This partnership showcases our dedication to advancing revolutionary options and fostering digital transformation throughout the monetary sector, propelling us in direction of a extra inclusive and technology-driven future.”
This strategic collaboration between Bitfinex Securities and Mikro Kapital exemplifies each corporations’ dedication to innovation and collaborative development within the microfinancing sector, and bringing new types of financing to this trade.
For extra details about Bitfinex Securities, please go to our web site at https://www.bitfinex.com/securities.
About Bitfinex Securities
Bitfinex Securities, with entities registered and licensed within the AIFC and El Salvador, provides traders and issuers a regulated, environment friendly, and international answer for tokenized safety issuances and secondary market buying and selling. Bitfinex Securities was the primary international digital asset platform licensed and registered within the AIFC and was additionally the primary to be licensed below El Salvador’s new Digital Asset regime.
About Mikro Kapital
Mikro Kapital, established in Luxembourg in 2008, focuses on influence finance and microfinance, and operates Luxembourg securitization funds that supply investments in low-risk, creditworthy small and medium-sized enterprises in rising nations.
Media contact for Bitfinex
Media contact for Mikro Kapital