In a latest development, El Salvador’s platform NextBridge has closed a $30 million token sale backed by United States Treasury bills. Built on Bitcoin’s blockchain with the Liquid Network, the USTBL tokens aim for a $200 million total issuance and are subject to El Salvador’s securities laws. This marks a growing trend in tokenized assets, with global leaders like BlackRock Franklin Templeton entering the space. This offering positions El Salvador as a rising player in the crypto-finance space, blending traditional financial stability with cutting-edge blockchain innovation. If successful, this could drive wider adoption of tokenized bonds, offering greater liquidity and efficiency.
Credit: Source link
