03 Oct Bitfinex Securities Milestones

Bitfinex Securities has played an early role in advancing tokenised financial instruments, positioning itself as one of the first platforms to provide regulated venues for issuing and trading tokenised security offerings. Since its inception, Bitfinex Securities has pursued a path shaped by regulatory innovation, market adoption, and the pioneering of successful real-world tokenised offerings. 

After just four years, Bitfinex Securities has almost $250 million of assets listed, and is growing fast. Join us as we look back on some of the most notable achievements that the platform has realised in its journey to create thriving capital markets built on a Bitcoin foundation and leveraging the evolutionary technological leap forward provided by digital assets and tokenisation.

Launch of Bitfinex Securities

Bitfinex Securities officially launched in September 2021 as one of the first trading venues dedicated to tokenised securities. Its main aim was to bridge digital asset infrastructure with traditional markets by offering a regulated environment for issuing and trading tokenised debt, funds and equity instruments. Above all, it wanted to provide a platform to give investors access to opportunities that have not been traditionally open to them, and companies an opportunity to raise capital, when other avenues for doing so are not available to them. Its opening signalled the growing convergence between blockchain-based innovation and legacy financial systems.

Establishment of Operations in the Astana International Financial Centre (AIFC)

Early operations were launched in the Astana International Financial Centre in Kazakhstan, a jurisdiction with a regulatory sandbox designed to accommodate fintech experimentation. Already a global leader in the bitcoin mining industry, Kazakhstan’s enthusiastic embrace of digital asset technology and its forward-thinking approach to regulation have made it an increasingly attractive destination for digital asset companies.  This location provided Bitfinex Securities with the flexibility to issue and trade tokenised securities under a supervised framework while shaping future licensing requirements.

Blockstream Mining Note (BMN)

The first listing was the successful issuance of the Blockstream Mining Note (BMN), marking a significant advancement in bridging Bitcoin infrastructure with tokenised securities. The BMN represented a tokenised debt-like instrument that granted investors exposure to Bitcoin mining through hash rate ownership without requiring direct operational involvement. Issued on the Liquid Network, the BMN demonstrated how real-world Bitcoin-linked assets could be structured, regulated, and traded in a compliant digital format. This offering not only expanded institutional access to the mining sector but also showcased Bitfinex Securities’ capacity to facilitate sophisticated, Bitcoin-native financial instruments, cementing its role as a pioneer in the evolution of tokenised capital markets. In July 2024, BMN was successfully redeemed and paid tokenholders back in mined Bitcoin, amounting to over 1,242 BTC and delivering returns of up to 103% over its three-year term,

First Tokenised Debt Offering via Mikro Kapital

The listing of BMN was soon followed by a memorandum of understanding with Mikro Kapital, a microfinance lending firm which funds entrepreneurs throughout central Asia, and who wanted to explore issuance of tokenised debt to provide capital for its lending activities. Within months, it launched a tokenised debt issuance on Bitfinex Securities, attracting more than $5 million of investments. The offering marked a breakthrough by demonstrating how tokenisation could be applied to real-world lending markets. It also validated the platform’s potential to provide new capital-raising avenues for businesses and alternative assets to investors.

Expansion into El Salvador 

Building on its base in Astana, Bitfinex Securities opened operations in El Salvador, receiving the first Digital Assets license issued under the Digital Assets law, following the country’s adoption of Bitcoin as legal tender, and the passing of its Digital Assets regulatory framework. This move was both symbolic and strategic, aligning with El Salvador’s push to position itself as a hub for Bitcoin innovation while allowing Bitfinex Securities to develop within a unique regulatory environment. It also represented an important step towards achieving greater democracy in finance, as Bitfinex was able to take advantage of the new El Salvador licence to enable express onboarding for Salvadoran citizens who are resident in El Salvador. The streamlined onboarding process enabled Salvadoran residents to access capital raise opportunities, with a minimum investment in some cases of just $1, and to trade more efficiently, while ensuring compliance with regulatory KYC requirements. 

Launch of the Nexbridge Tokenised Debt Offering

Bitfinex Securities first issuance under the El Salvador regime was with Nexbridge, which launched the first tokenised offering of US treasury bills on the Liquid Network. It successfully raised $30 million in its initial issuance and showcased the combination of the stability of government-backed securities with the transparency and efficiency of Bitcoin’s immutable ledger. The highly successful offering highlighted the potential of tokenised assets to democratise investment opportunities and reshape global financial markets, setting the stage for a more inclusive and efficient financial future. It also underscored the adaptability of blockchain infrastructure for securitised debt, and further established tokenisation as a mechanism to modernise traditional debt instruments, offering efficiency, transparency, and global reach.

Blockstream Mining Note 2 (BMN2)

Blockstream then followed with the second iteration of the Blockstream Mining Note – Blockstream Mining Note 2 (BMN2) – to provide further opportunities for investors to gain exposure to Blockstream’s Bitcoin mining operations. This time, it chose to list on Bitfinex Securities El Salvador to take advantage f the fast-track approval and lower investment requirements offered. Like its predecessor, BMN2 offers qualified investors exposure to Bitcoin mining returns without the need to operate mining hardware, with each token corresponding to a specific amount of hashrate generated by Blockstream’s enterprise-grade facilities. Issued on the Liquid Network, BMN2 continues the model of merging traditional finance structures with Bitcoin-native infrastructure, using tokenisation to create transparent, compliant, and easily transferable securities.

Titan1 and Titan2

Bitfinex Securities has continued to expand the range of investment opportunities available to members of the platform. In June 2025, it announced the direct listing of two tokenised equity issues, through protected cell companies, issued out of Guernsey in the Channel Islands. The first structure, TITAN1, allocated GBP 5 million into subordinate debt issued by a UK Credit Union, supporting lending initiatives aimed at local communities. TITAN1 provides investors with a dividend to be paid quarterly, with non-callable provisions for the first 5 years.  The second structure, TITAN2, invested GBP 100 million to provide litigation financing for the origination and processing of vehicle financing claims in the motor finance industry, notably in the Personal Contract Purchase (PCP) space in the UK. Both tokens have been issued by Ctrl Alt, a specialist tokenised asset infrastructure provider.

Astana Sandbox Transition Toward Full Licensing

With these successful issues under its belt, Bitfinex Securities has now begun moving from the AIFC’s regulatory sandbox to a fully licensed status. This transition represented a critical step in regulatory maturation, and is designed to accommodate the long-term growth and wider institutional engagement, that Bitfinex Securities expects to see in the future.

Cumulative Assets Under Management Near $250 Million

Bitfinex Securities’ growing adoption is reflected in the near-$250 million of assets no trading on the platform. This figure shows the appetite for tokenised securities among investors and issuers alike, positioning Bitfinex Securities as one of the most active players in this nascent market.

Role as a Pioneer in Tokenised Debt and Equity Markets

Through multiple issuances and regulatory breakthroughs, Bitfinex Securities has positioned itself as one of the first platforms to demonstrate the feasibility of tokenised debt markets at scale. This pioneering role highlights the importance of regulated trading venues in creating the foundation for broader adoption of tokenised financial instruments.

Continued Integration of Global Regulatory Developments

Bitfinex Securities has continually adapted to evolving regulatory frameworks across jurisdictions, from Kazakhstan to El Salvador. Its ability to integrate these diverse approaches reflects the broader evolution of tokenised markets and the regulatory pathways being carved out for their mainstream adoption.

Paving the Way forward for a Dynamic New Asset Class

Bitfinex Securities has established itself as a key player in the emerging field of tokenised securities, laying the groundwork for broader adoption of this asset class. By demonstrating the viability of tokenised securities, through offerings with Mikro Kapital, Nexbridge, and Ctrl Alt, while also expanding across regulatory jurisdictions such as Kazakhstan’s AIFC and El Salvador, the platform has shown that tokenisation can bridge global capital markets with modern digital infrastructure. These achievements not only highlight Bitfinex Securities’ adaptability but also mark a significant step toward the normalisation of Bitcoin-based financial instruments in regulated environments.

Looking ahead, the trajectory suggests a bright future for both Bitfinex Securities and the tokenised securities market as a whole. With nearly $250 million in assets under management and a transition toward full licensing in established jurisdictions, Bitfinex Securities is positioned to attract greater institutional participation. As more issuers and investors explore tokenisation for efficiency, transparency, and global reach, tokenised securities are likely to evolve from niche experiments into a widely recognised asset class. Bitfinex Securities’ early role in this transformation places it at the forefront of a financial shift that could fundamentally reshape how debt, equity, and other instruments are issued and traded in the coming decade.