March 19 ALT2612 tokenized bonds make their first dividend payment
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ALT2612, one of the world's first tokenized bonds, has successfully paid its first dividend on Bitfinex Securities.
Mikro Kapital, one of the world's leading microfinance lenders, issued the bonds in December 2023 through the Luxembourg-based Alternative Securitization Fund. Mikro Kapital has a diversified lending book of 300,000 borrowers in 14 countries, with a value of more than €1 billion ($1.09 billion).
The bond carries a coupon of 10% and is paid quarterly, throughout the life of the bond, which is 36 months. Under the terms of the dividend, ALT2612 paid over $130,000 to USD investors' Bitfinex Securities portfolios.
ALT2612 was issued on the Liquid Network, a sidechain of the Bitcoin blockchain, which is specifically designed to issue assets such as regulated security token offerings. With the ability to impose transfer restrictions and create whitelists, liquid securities token offerings allow issuers to meet their regulatory obligations while still allowing investors the ability to self-custody, withdraw, and even peer-to-peer securities trading.
This issue has acquired the debt and equity exposures of microfinance companies, banks and other financial institutions providing financing services to small and medium-sized enterprises and entrepreneurs throughout Europe, Central Asia and emerging countries along the historic Silk Road.
Jesse Knutson, COO of Bitfinex Securities, commented: “We are pleased to demonstrate the efficiencies our technology can bring to both investors and issuers and look forward to more issuances with Mikro Capital in the future.”
For more information on ALT2612, visit Bitfinex Securities and check out the AMA between Jesse Knutson and Mikro Kapital's Michele Mattioda.
