ALTERNATIVE, the Luxembourg-based securitisation fund managed by MK Global Kapital Sàrl, is to begin a new issuance cycle this year with a regular offering of USDT-denominated tokenised bonds through Bitfinex Securities. The first issuance of 2026 will follow the successful completion of the first tokenised bond cycle with Bitfinex Securities in 2025, marking continued progress in blockchain-enabled alternative finance.
Since launching its tokenisation programme in 2023, ALTERNATIVE has exceeded US$10 million in tokenised bond issuances, reflecting growing investor confidence in blockchain-based real-world asset (RWA) investment solutions. The advanced issuance builds on this proven foundation, combining transparent blockchain technology with regulated market infrastructure to connect investors with impact-driven opportunities across emerging markets.
Proven track record in tokenised securities
Over three years of collaboration with Bitfinex Securities, ALTERNATIVE has demonstrated the viability of tokenised bonds as a transparent, efficient investment vehicle. The programme has achieved significant milestones:
- Tokenised bonds issued: 4 (US$6.2 million–equivalent),
- Bonds matured and fully repaid: 3 (US$1 million–equivalent),
- Coupon payments made: 20 (more than US$1.1 million–equivalent),
- Blockchain utilised: Liquid (Bitcoin L2).
All capital raises, coupon payments and principal repayments have been executed in Tether USDT, providing investors with stable, transparent settlement whilst maintaining full regulatory compliance. The successful maturity and repayment of three issuances demonstrate the robustness of the tokenised bond model.
Regulated infrastructure and market access
The issuance is enabled by Hadron, Tether’s RWA asset tokenisation platform. Bitfinex Securities provides the regulated market infrastructure for investor onboarding, subscriptions and coupon distribution as well as active orderbooks for secondary market trading.
Bitfinex Securities, regulated in the Astana International Financial Centre in Kazakhstan, supports a growing range of tokenised securities and RWA assets, providing ALTERNATIVE’s bonds with access to a global investor base through an established digital securities platform.
Impact-driven investment opportunities
Through ALTERNATIVE’s tokenised bonds, investors gain differentiated exposure to real-economy impact investments, supporting entrepreneurs and small- and medium-sized enterprises across emerging markets. The fund’s portfolio includes significant support for women-led enterprises and sharing economy opportunities, aligned with MK Global Kapital’s broader impact finance mission.
Michele Mattioda, Board Member at MK Global Kapital, says:
“The advancement of our tokenised bond programme with Bitfinex Securities reflects three years of successful execution and growing market validation for blockchain-enabled alternative finance. This model demonstrates that innovative technology and rigorous compliance can work together to create transparent, accessible investment opportunities that deliver both financial returns and measurable social impact. We are committed to advancing this approach as we expand access to capital for underserved entrepreneurs worldwide.”
Advancing blockchain-enabled finance
ALTERNATIVE’s tokenisation programme represents a pioneering effort in bringing alternative finance to blockchain infrastructure. By combining USDT-based settlement with access to regulated secondary markets, the model offers investors transparency and efficiency whilst maintaining the impact focus that defines ALTERNATIVE’s approach.
The new issuance continues ALTERNATIVE’s commitment to making impact investing simpler and more transparent through blockchain technology, building on three years of operational excellence and proven results. With the support of institutional partners, such as Bitfinex Securities and Tether’s Hadron platform, ALTERNATIVE continues expanding the intersection of blockchain innovation and regulated alternative finance.
About ALTERNATIVE portfolio companies: ALTERNATIVE portfolio companies connect investors with high-impact opportunities across emerging markets worldwide. By combining traditional alternative finance with blockchain innovation, ALTERNATIVE portfolio companies provide entrepreneurs with flexible financing solutions whilst offering investors visibility into their impact. ALTERNATIVE portfolio companies’ mission is to unlock potential, nurture entrepreneurial aspirations, and connect ambition with investment through innovative financial technology. ALTERNATIVE is a Luxembourg-based securitisation fund managed by MK Global Kapital Sàrl. For more information, please visit: www.mkglobalkapital.com. For media inquiries and interview opportunities, please contact [email protected]
