Bitfinex Securities is set to launch two new tokenized bonds on the Bitcoin sidechain, the Liquid Network, as part of an ongoing issuance program with Alternative, the securitization fund of Luxembourg-based microfinance group Mikro Kapital.

The program features two different durations: an 11-month bond with a 10% coupon rate and a 36-month bond with a 13.5% coupon rate. They are part of an ongoing monthly program, with the option to expand to include further durations and coupons, according to a statement shared with The Block. A coupon rate is the annual interest rate paid by the bond issuer to the bondholders.

The capital raise will commence on July 3, targeting up to $10 million in USDT with a minimum investment size of $125,000, and closes on July 31.

Leveraging Bitcoin’s Liquid …