Bitfinex securities is planning to issue tokenized Bitcoin Mining Note BMN2 from El Salvador under the Salvadorian law in 2025.
Bitfinex’s Bitcoin Mining Note (BMN2)
Bitfinex Securities lanzará importantes productos tokenizados desde El Salvador en 2025https://t.co/d5vzkoTj9a
— Paolo Ardoino 🤖🍐 (@paoloardoino) January 30, 2025
According to local media reports, Bitfinex Securities Chief Operating Officer Jesse Knutson stated that the company plans to issue the Blockstream Mining Note 2 (BMN2) in El Salvador in the first quarter of this year.
BMN2 is a tokenized financial product that allows investors to earn Blockstream company’s Bitcoin mining rewards through holding. The previously issued BMN1 in Luxembourg has paid investors over 1,212 BTC (approximately $70.68 million) over a three-year period, achieving a 108% return on investment. Compared to the Luxembourg version, the El Salvador-issued BMN2 will lower the investment threshold and no longer require a minimum investment of $100,000.
BMN2 is one of the few tokenized products that have a history, and investors can see the results of BMN1. This will be a direct issue on our platform, and investors will be able to buy and sell on it. We are working with the CNAD (National Commission for Digital Assets) to obtain approval,” Adam Back said.
This tokenized product is not the only one by the firm, last year, Bitfinex Securities launched a tokenized public offering of US Treasury bills (T-bills) under the country’s Digital Asset Issuance Act. T-bills was built on Bitcoin’s Liquid network, and offers investors exposure to short-term US Treasury bills denominated in US dollars.
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Source: https://www.cryptonewsz.com/bitfinex-securities-bitcoin-mining-note-bmn2/