Kazakhstan; El Salvador

ALTERNATIVE completes first tokenised bond cycle with Bitfinex

ALTERNATIVE burns its first tokenised bond on Liquid, completing the lifecycle. Portfolio surpasses $10m as Bitfinex backs RWA issuance.

29 September 2025

Mikro Kapital is pleased to announce the successful full reimbursement and burn of its first tokenised bond with Bitfinex. This marks the completion of the token’s full lifecycle on the Bitcoin-based Liquid Network and a key milestone in ALTERNATIVE’s bond programme on Bitfinex Securities. The token burn underlines the security and maturity of tokenised bonds as a reliable impact finance instrument.

ALTERNATIVE’s tokenised bonds portfolio has exceeded US$10 million-equivalent as of May 2025, reflecting growing investor confidence in blockchain-based, real-world asset (RWA) investment solutions. This progress is supported by key institutional partners, such as Bitfinex Securities.

“Tokenised bonds are more than financial innovation. They are a bridge for financial inclusion,” said Michele Mattioda of Mikro Kapital. “By leveraging blockchain, we enhance transparency, efficiency and direct access to our opportunity, while directly empowering entrepreneurs in developing nations. The proceeds fund direct lending, leasing and mobility initiatives that help local businesses grow and communities thrive.”

Since launching its tokenisation programme in 2023, Mikro Kapital’s ALTERNATIVE Fund has made impact investing simpler and more transparent through blockchain. Key milestones with Bitfinex as of 1 July 2025 are:

-Tokenised bonds issued: 4 (US$6.2 million–equivalent),
-Bonds matured and fully repaid: 1 (US$630,000–equivalent),
-Coupon payments made: 15 (more than US$850,000–equivalent),
-Blockchain utilised: Liquid (Bitcoin L2).

All four capital raises, 15 coupon payments, and the principal repayment of the first issuance to reach maturity were executed in Tether USDt.

“Mikro Kapital’s ongoing programme with Bitfinex Securities represents some of market’s very first, fully tokenised bonds, offering a bridge into the digital asset world by allowing investors to invest and receive coupon and principal repayments in USDt, as well as the ability to compliantly self-custody tokenized bonds and trade them on secondary markets,” said Jesse Knutson, Head of Operations, Bitfinex Securities.

ALTERNATIVE’s tokenised bonds are among several issuances listed on Bitfinex Securities, and benefit from the support of Bitfinex’s robust security and trading infrastructure. Bitfinex Securities, regulated in both Kazakhstan and El Salvador, provides a platform for listing and trading tokenised real-world assets. The platform offers access to a large and growing global user base, innovative capital market solutions and secondary market trading, to provide greater liquidity and investor flexibility. In addition to ALTERNATIVE’s tokenised bonds, Bitfinex Securities supports a wide range of tokenised securities and real-world assets.

With the backing of partners, ALTERNATIVE Fund continues to lead in using blockchain to drive impact creating secure, regulated, and inclusive financial products that serve both investors and entrepreneurs across underserved markets.

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. For more information, please visit: www.mikrokapital.com. For media inquiries and interview opportunities, please contact [email protected].

 

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