March 19th ALT2612 First dividend paid with tokenized bonds
announcement
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, has issued a bond in December 2023 through Alternative, a securitization fund based in Luxembourg. Mikro Kapital has a diversified loan book covering 300,000 borrowers with a value of more than €1 billion ($1.09 billion) across 14 countries.
The bond includes a 10% coupon and is paid quarterly over the 36-month life of the bond. In accordance with the dividend payment terms, ALT2612 paid over $130,000 in USDt to investors’ Bitfinex Securities wallets.
ALT2612 was issued on Liquid Network, a sidechain of the Bitcoin blockchain, created specifically for the issuance of assets such as regulated security token offerings. With the ability to enforce transfer restrictions and create whitelists, the Liquid securities token offering allows issuers to meet regulatory obligations while also allowing investors to self-storage, withdraw, and peer-to-peer trade securities.
The issuance underwrites the debt and equity risks of microfinance companies, banks and other financial institutions providing financial services to micro, small and medium-sized enterprises and entrepreneurs across Europe, Central Asia and emerging countries along the historic Silk Road.
“We are excited to demonstrate that our technology can deliver efficiencies for both investors and issuers, and we look forward to issuing more with Mikro Kapital in the future,” said Jesse Knutson, Head of Operations at Bitfinex Securities.
For more information on ALT2612, visit Bitfinex Securities and watch the AMA between Jesse Knutson and Mikro Kapital’s Michele Mattioda.