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Bitfinex Securities and Mikro Kapital Forge Strategic collaboration to deliver safety tokens to Microfinancing.


Bitfinex Securities and Mikro Kapital Forge Strategic collaboration to deliver 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 impression finance and microfinance group.

The MOU will discover tasks to tokenize, listing and commerce debt securities, and consider the usage of 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 international locations which is value  roughly EUR1.35 billion in mixture. Round 40% of debtors are ladies 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 help larger funding into microfinance alternatives.

Bitfinex Securities is a number one platform licensed inside 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 sturdy monitor document in conventional capital markets we’re very happy to have been chosen to assist them consider tokenization choices. We proceed to see sturdy demand for yield within the digital asset trade. 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 trade.”

Vincenzo Trani, President of Mikro Kapital mentioned: “This collaboration represents a big milestone for our Group and can permit us to strategy the digitalization and blockchain know-how, because of the experience and help of Bitfinex, a number one platform on this sector. Our goal is to create new alternatives for buyers and microfinance trade. This partnership showcases our dedication to advancing revolutionary options and fostering digital transformation inside the monetary sector, propelling us in the 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 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, affords buyers and issuers a regulated, environment friendly, and international resolution 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 underneath El Salvador’s new Digital Asset regime.

About Mikro Kapital

Mikro Kapital, established in Luxembourg in 2008, focuses on impression 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

[email protected]

Media contact for Mikro Kapital

[email protected]

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