NexBridge Digital Financial Solutions and Bitfinex Securities have teamed up to offer the first regulated tokenized T-Bills offering in El Salvador. The product aims to provide access to investments in T-Bills for individuals and organizations who were previously unable to purchase such products. The tokenized T-Bills will be traded on Bitfinex Securities’ secondary market under the name USTBL.
The value of the tokens is determined by BlackRock and backed by a short-term government bond ETF. The RWA market has grown rapidly, tripling in size within a year, and is now worth 2.4 billion dollars. Tokenized US Treasuries have led the way in tokenization efforts.