Mikro Kapital and Bitfinex Securities Issue Tokenized Microcredit Bonds

In light of the rapid development of blockchain technology and the growing interest in cryptocurrencies, Mikro Kapital has introduced an innovative product that could change the landscape of microcredit. The organization has issued the world's first tokenized bonds for microcredit, opening up new possibilities for various investors. This development became possible through Mikro Kapital's collaboration with Bitfinex Securities and was officially announced during the Plan B event in Lugano, Switzerland.

Tokenized bonds are digital representations of traditional bonds, digitized and recorded on blockchain technology. This means that they can be easily and securely traded on the Bitfinex securities platform. The tokens represent a face value of 100 USDT (Tether), with a minimum initial purchase size of 125,000 USDT. These tokenized bonds have a maturity period of three years and offer investors an interest rate of 10%. In total, 10 million USDT in the form of tokenized bonds were issued.

This move means that microcredit providers can now use the stablecoin Tether (USDT) to raise capital in the microcredit market. This opens the doors to a wide range of investors who can benefit from the convenience and transparency of blockchain technology.

The significance of integrating blockchain technology into the financial sector is underscored not only by this event but also by the vision of Mikro Kapital's president, Vincenzo Trani. He emphasized that blockchain technology has tremendous potential to enhance financial operations and expand access to microfinance.

Mikro Kapital's diversified loan portfolio currently supports 300,000 clients in 14 countries, totaling around €1.14 billion. This loan portfolio plays a crucial role in microfinance and contributes to the economic growth of local and rural communities. It is particularly noteworthy that about 40% of the beneficiaries of this initiative are women entrepreneurs, highlighting the social significance of this project.

Tether (USDT) is one of the most popular and widely used stablecoins in the cryptocurrency market. Its total market capitalization has reached $84.25 billion, with daily trading volumes of $45.41 billion, underlining its significant position in the world of digital assets.

The individuals responsible for this project have announced plans to issue several more series of tokenized bonds in the future. This step could further strengthen Mikro Kapital's role in the field of microcredit and contribute to expanding access to financial resources for micro-entrepreneurs and local communities.