El Salvador’s Nextbridge Raises $30M by Tokenizing US Treasury bills On Bitcoin blockchain
In the latest development, El Salvadoran platform NextBridge has completed a $30 million token sale backed by U.S. Treasury bills. USTBL tokens are built on Liquid Network’s Bitcoin blockchain, with a target issuance total of $200 million, and are subject to El Salvador’s securities laws. This marks a growing trend in tokenized assets, with global leaders such as BlackRock Franklin Templeton entering the space. The product blends traditional financial stability with cutting-edge blockchain innovation, positioning El Salvador as an emerging player in the crypto-finance space. If successful, this could drive wider adoption of tokenized bonds, providing greater liquidity and efficiency.
