Luxembourg-based securities and token management firm Mikro Kapital just launched the first tokenized bonds Microcredit to empower entrepreneurs.
The tokenized bonds for microcredit are based on blockchain technology. Besides its blockchain leaning, the initiative hinges on its core goals of creating broad accessibility to credit facilities for those who truly need it.
Mikro Kapital Microcredit Dynamics
According to a Funds Euro report, the offering materialized thanks to Mikro Kapital’s partnership with Bitfinex Securities. The alignment features the tokenization of products from Mikro Kapital. Additionally, it embodies the listing and exchange of the tokenized bonds on the Bitfinex Securities exchange.
To bolster the overall acceptance of the product, both Mikro Kapital and Bitfinex Securities will explore how Tether (USDT), as well as Tether Euro (EURT), can facilitate sustainable liquidity provision for the offering.
The tokenized bonds go live with a total of 10,000,000 USDT earmarked for lending. Accessibility to the funds comes in the denomination of 100 USDT and the minimum to gain entry is pegged at 125,000 USDT.
As a lender empowering Small and Medium Scale Enterprises (SMEs), Mikro Kapital brandishes a good track record featuring the loan offering portfolio.
At the time of writing, the firm serves about 300,000 customers in 14 countries. Since its inception to date, Mikro Kapital has dished out about 1.2 billion EUR, with women making up about 40% of beneficiaries.
Embracing the Perfect Ally
The choice of Bitfinex Securities is one that can significantly shape the success of Mikro Kapital’s blockchain tokenization ambitions. Backed by one of the best crypto exchanges, Bitfinex Securities boasts deep liquidity and compliance.