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El Salvador-based NexBridge Digital Financial Solutions is partnering with Bitfinex Securities to launch the first regulated public tokenized Treasury Bill (T-Bill) in the country. The venture aims to make T-Bill investments accessible to a wider audience and plans to raise at least $30 million. The token can be bought using Tether’s USDT and will later be purchasable with Bitcoin. It is expected to be traded on Bitfinex Securities’ secondary market following the subscription period. The move reflects the increasing attractiveness of asset tokenization, with the U.S. Treasury token market growing to $2.4 billion in a year.

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The market for tokenized U.S. Treasuries is heating up, and it’s making its way to the budding crypto hub of El Salvador. NexBridge Digital Financial Solutions, a digital asset issuing company based in El Salvador that’s recently won a digital asset service license from local regulatory bodies, is collaborating with Bitfinex Securities to introduce the first regulated public tokenized Treasury bill (T-Bill) offering in the nation.

From Tuesday, this new venture aims to make T-Bill investments accessible to individuals and organizations who haven’t been able to invest in these products before. The target is to raise a minimum of $30 million in deposits, Bitfinex Securities mentioned in a press release.

The initial subscription for the product kicks off on Tuesday, open through November 29. Investors can purchase the token using Tether’s stablecoin (USDT), with plans to make it available in Bitcoin too. After the subscription period, the tokens will be tradable on Bitfinex Securities’ secondary market under the symbol USTBL. The token’s value is supported by BlackRock’s short-term Treasury bond ETF (iShares Treasury Bond 0-1yr UCITS).

The tokenization of real-world assets (RWA) is a rapidly expanding sector in the nexus of digital assets and conventional finance. It involves putting assets such as bonds, credit, and funds on blockchain rails. People participate in this endeavor to achieve quicker settlements and higher efficiency than what traditional financial systems offer.

Tokens based on U.S. Treasury notes have been leading tokenization efforts. They’ve seen their market size triple in a year, currently standing at $2.4 billion, according to data from rwa.xyz.

“The inclusion of USTBL tokens in investment portfolios will allow investors to balance digital asset exposure with the stability of traditional finance. This provides a new degree of diversification that can aid in reducing overall portfolio risk,” Jesse Knutson, head of operations at Bitfinex Securities, said in a statement.