Mikro Kapital's Tokenized Bonds for Microfinance with Tether Integration
Date: 2023-10-25 Author: Dima Zakharov Categories: CRYPTO PAYMENTS
New Horizons in Microfinance: Mikro Kapital Introduces Tokenized Bonds
Mikro Kapital, a company specializing in providing microloans in 14 countries and serving around 300,000 clients, is implementing an innovative financing method using blockchain technology. In collaboration with Bitfinex Securities, they have issued tokenized bonds for microfinancing, opening up new opportunities for investors and clients.
This news was announced at the Plan B event in Lugano, Switzerland, and it marks a significant step in the development of the global financial industry. Tokenized bonds represent a digital asset backed by microloans that can be acquired and traded on the Bitfinex Securities platform. This innovation provides access to microloans for various investors, including institutional and retail investors.
Features of Tokenized Bonds and Their Significance
Mikro Kapital's tokenized bonds represent a substantial change in how microloans are funded and accessible. Bond tokens can be exchanged and traded on the Bitfinex Securities platform, with a nominal value of 100 USDT. This means that investors, even with smaller sums, can invest in microloans, which was previously challenging.
The maturity period for tokenized bonds is three years, with an interest rate of 10%. The total volume of issued bonds amounts to 10 million USDT. These parameters make investments appealing to a diverse range of investors, from those looking to diversify their portfolios to those wanting to support microfinancing.
The Importance of Blockchain and Tether in an Innovative Financial Model
Mikro Kapital's collaboration with Bitfinex Securities includes the use of Tether (USDT) tokens and their pegging to the value of the US dollar and the euro. This ensures stability and transparency in the microfinancing world, providing investors with additional confidence in their investments.
Tether (USDT) is one of the most popular stablecoins in the market, with a total market capitalization of over 84 billion dollars. The daily trading volume using USDT exceeds 45 billion dollars. This underscores the broad recognition and trust in this cryptocurrency in the world of finance.
Prospects and Development Plans
The project's key figures have announced their plans to conduct additional issuances of tokenized bonds in the future. This demonstrates their commitment to expanding access to microloans and continuing innovative development in this field. Mikro Kapital's President, Vincenzo Trani, emphasized the importance of integrating blockchain technologies into the financial sector and how this can positively impact access to credit for millions of clients.
The Importance of Women Entrepreneurs in Microfinance
An interesting fact is that approximately 40% of the beneficiaries of Mikro Kapital's credit portfolio are female entrepreneurs operating in local and rural communities. This underscores the significance of microfinancing as a means of supporting women in business and the development of local communities.
