NexBridge Brings Bitcoin Tech To US Treasury Bills: Tokenized Exposure, Anyone?
Posted On November 19, 2024
NexBridge unveiled USTBL on Wednesday, which it said is the first regulated public offering of tokenized U.S. Treasury exposure, leveraging Bitcoin’s Liquid Network and Blockstream’s AMP technology.
This launch, announced in El Salvador, sets a new precedent for blending blockchain innovation with the stability of government-backed securities.
The offering, capped initially at $30 million, simplifies access to U.S. Treasuries by tokenizing them on Bitcoin’s infrastructure. Michele Crivelli, NexBridge’s founder, hailed the development as a step toward “a globally accessible financial ecosystem” with compliance at its core.
Bitcoin’s Liquid Network: The Backbone
Built on the Liquid Network, a Bitcoin layer-2 solution, USTBL addresses key challenges …