03 Oct Bitfinex Securities and Mikro Kapital Forge Strategic collaboration to convey safety tokens to Microfinancing.
ASTANA, Kazakhstan, October 2, 2023 – Bitfinex Securities Ltd, which affords 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 affect finance and microfinance group.
The MOU will discover initiatives 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 guide of 300,000 debtors throughout 14 international locations which is value 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 supplies the chance to discover how tokenized low-friction, low-volatility digital property could assist larger funding into microfinance alternatives.
Bitfinex Securities is a number one platform licensed throughout the FinTech Lab by the Astana Monetary Providers Authority, specialising within the itemizing and buying and selling of tokenized securities.
Paolo Ardoino, CTO of Bitfinex Securities mentioned: “The worldwide microfinancing market is on a trajectory to greater than double from 2020 to 2027. The rising demand for sturdy tokenised funding alternatives aligns completely with the experience Mikro Kapital brings to the microfinancing area. 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 report in conventional capital markets we’re more than happy to have been chosen to assist them consider tokenization choices. We proceed to see robust demand for yield within the digital asset business. Tokenized bonds with clearly outlined issuer obligations and investor rights supply buyers entry to engaging yields with a threat profile a lot decrease than what has beforehand been out there within the digital asset business.”
Vincenzo Trani, President of Mikro Kapital mentioned: “This collaboration represents a big 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 buyers and microfinance business. This partnership showcases our dedication to advancing modern 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 firms’ dedication to innovation and collaborative progress within the microfinancing sector, and bringing new types of financing to this business.
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, affords buyers and issuers a regulated, environment friendly, and world answer for tokenized safety issuances and secondary market buying and selling. Bitfinex Securities was the primary world digital asset platform licensed and registered within the AIFC and was additionally the primary to be licensed beneath El Salvador’s new Digital Asset regime.
About Mikro Kapital
Mikro Kapital, established in Luxembourg in 2008, focuses on affect finance and microfinance, and operates Luxembourg securitization funds that supply investments in low-risk, creditworthy small and medium-sized enterprises in rising international locations.
Media contact for Bitfinex
Media contact for Mikro Kapital
