Tokenized U.S. T-Bills Launched in Bitcoin Ecosystem

NexBridge conducted the first public offering of tokenized U.S. Treasury bills (T-bills) on Bitcoin’s sidechain, regulated under El Salvador’s law. 

Digital asset issuer NexBridge, specializing in financial asset tokenization, announced the launch of the first regulated offering of tokenized U.S. T-bills within the Bitcoin ecosystem. The asset, trading under the ticker USTBL, offers a 5.02% annual yield to maturity.

USTBL tokens will be issued on the Liquid Network sidechain using Blockstream AMP asset management infrastructure. Bitfinex Securities will list the asset in compliance with El Salvadoran law. The initial offering volume is set at a minimum of $30 million, with purchases available in U.S. dollars and USDT. The offering is open to eligible investors, excluding those from North America and sanctioned countries.

According to the press release, the project aims to establish standardized rules for issuers to ensure interoperability and compliance across exchanges and jurisdictions. Moreover, USTBL seeks to improve accessibility to U.S. Treasury bonds for investors while reducing costs by eliminating the need for traditional intermediaries.

In late October, members of the U.S. Department of the Treasury’s Borrowing Advisory Committee highlighted the significant impact of tokenization and stablecoins on the demand for short-term government securities. As of mid-November, the market for tokenized U.S. government debt securities surpassed $2.34 billion.