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Mikro Kapital and Bitfinex Securities signed a Memorandum of Understanding (MOU)

The MOU will explore projects to tokenize, list and trade debt securities for capital raising and microfinancing

Astana, Kazakhstan - October 2nd, 2023

Bitfinex Securities Ltd, which offers listing and trading services for security tokens, is delighted to announce a groundbreaking Memorandum of Understanding (MOU) with Mikro Kapital, a Luxembourg-based impact finance and microfinance group.

The MOU will explore projects to tokenize, list and trade debt securities, and evaluate the use of USD-backed Tether tokens (USDt) and Euro-backed Tether tokens (EURt) for capital raising and microfinancing.

Mikro Kapital has a highly diversified lending book of 300,000 borrowers across 14 countries which is worth approximately EUR1.35 billion in aggregate. Around 40% of borrowers are women who are entrepreneurs in local, rural communities, mainly in service businesses and agricultural businesses.

The MOU provides the opportunity to explore how tokenized low-friction, low-volatility digital assets may support greater investment into microfinance opportunities.

Bitfinex Securities is a leading platform licensed within the FinTech Lab by the Astana Financial Services Authority, specialising in the listing and trading of tokenized securities.

Paolo Ardoino, CTO of Bitfinex Securities said: “The global microfinancing market is on a trajectory to more than double from 2020 to 2027. The rising demand for robust tokenised investment opportunities aligns perfectly with the expertise Mikro Kapital brings to the microfinancing arena. We envision immense potential for tokenised securities and microfinancing solutions in emerging markets.”

Jesse Knutson, Head of Operations at Bitfinex Securities, added, “Given Mikro Kapital’s strong track record in traditional capital markets we are very pleased to have been chosen to help them evaluate tokenization options. We continue to see strong demand for yield in the digital asset industry. Tokenized bonds with clearly defined issuer obligations and investor rights offer investors access to attractive yields with a risk profile much lower than what has previously been available in the digital asset industry.”

Vincenzo Trani, President of Mikro Kapital said: “This collaboration represents a significant milestone for our Group and will allow us to approach the digitalization and blockchain technology, thanks to the expertise and support of Bitfinex, a leading platform in this sector. Our objective is to create new opportunities for investors and microfinance industry. This partnership showcases our commitment to advancing innovative solutions and fostering digital transformation within the financial sector, propelling us towards a more inclusive and technology-driven future.”

This strategic collaboration between Bitfinex Securities and Mikro Kapital exemplifies both companies’ commitment to innovation and collaborative growth in the microfinancing sector, and bringing new forms of financing to this industry.

For more information about Bitfinex Securities, please visit our website at https://www.bitfinex.com/securities.

About Bitfinex Securities

Bitfinex Securities, with entities registered and licensed in the AIFC and El Salvador, offers investors and issuers a regulated, efficient, and global solution for tokenized security issuances and secondary market trading. Bitfinex Securities was the first global digital asset platform licensed and registered in the AIFC and was also the first to be licensed under El Salvador’s new Digital Asset regime.

About Mikro Kapital

Mikro Kapital, established in Luxembourg in 2008, focuses on impact finance and microfinance, and operates Luxembourg securitization funds that offer investments in low-risk, creditworthy small and medium-sized enterprises in emerging countries.

Media contact for Bitfinex

Media contact for Mikro Kapital

Original article on Bitfinex: Bitfinex Securities and Mikro Kapital Forge Strategic collaboration to bring security tokens to Microfinancing.