03 October A strategic collaboration between Bitfinex Securities and Micro Capital to bring security tokens to microfinance.
In media releases
Astana, Kazakhstan, October 2, 2023 – Bitfinex Securities Ltd, which provides listing and trading services for security tokens, is pleased to announce a groundbreaking Memorandum of Understanding (MOU) with Mikro Kapital, a Luxembourg-based impact and microfinance group.
The MOU will explore debt securities tokenization, listing and trading projects, and evaluate the use of US dollar-backed Tether tokens (USDt) and Euro-backed Tether tokens (EURt) for capital raising and microfinance.
Mikro Kapital has a highly diversified lending book with 300,000 borrowers in 14 countries with a total value of approximately €1.35 billion. About 40% of borrowers are women entrepreneurs in local and rural communities, especially in service companies and agribusinesses.
The MoU provides the opportunity to explore how low-friction, low-volatility tokenized digital assets can support increased investment in microfinance opportunities.
Bitfinex Securities is a leading platform licensed within the FinTech Lab by the Financial Services Authority of Astana, specializing in the listing and trading of tokenized securities.
said Paolo Ardoino, CTO at Bitfinex Securities: “The global microfinance market is on track to double from 2020 to 2027. The growing demand for strong token investment opportunities aligns perfectly with the expertise that Mikro Capital brings to the microfinance arena. We envision huge potential for tokenized securities and microfinance solutions in emerging markets.
Jesse Knutson, COO of Bitfinex Securities, added“Given Mikro Kapital’s strong track record in traditional capital markets, we are very pleased to have been chosen to help them evaluate tokenization options. We continue to see strong demand for yield in the digital asset industry. Tokenized bonds with clearly defined issuer obligations and investor rights allow investors to access attractive returns.” With a much lower risk profile than previously available in the digital asset industry.
Vincenzo Trani, President of Micro Capital, said:“This collaboration represents an important milestone for our group and will allow us to address digitalization and blockchain technology, thanks to the expertise and support of Bitfinex, a leading platform in this sector. Our goal is to create new opportunities for investors and the microfinance industry. This partnership demonstrates our commitment to developing innovative solutions and promoting digital transformation.” within the financial sector, moving us towards a more inclusive and technology-driven future.
This strategic collaboration between Bitfinex Securities and Mikro Kapital embodies both companies' commitment to innovation and collaborative growth in the microfinance sector, bringing new forms of financing to the industry.
For more information about Bitfinex Securities, please visit our website at https://www.bitfinex.com/securities.
About Bitfinex Securities
Bitfinex Securities, with entities registered and licensed in the AIFC and El Salvador, offers investors and issuers a regulated, efficient and global solution for tokenized securities issuances and trading on the secondary market. Bitfinex Securities was the first global digital asset platform licensed and registered with the AIFC and was also the first platform licensed under El Salvador's new digital asset regime.
About Micro Capital
Micro Capital, founded in Luxembourg in 2008, focuses on impact finance and microfinance, and manages securitization funds in Luxembourg that offer investments in… Low-risk, creditworthy SMEs in emerging countries.
Bitfinex media contact
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Media contact for Mikro Kapital
[email protected]
