USTBL provides exposure to US Dollar-denominated short-term government bonds issued by the US Treasury, through the iShares $ Treasury Bond 0-1yr UCITS ETF, a publicly listed ETF. USTBL targets a $30M USD initial raise. Additional subscription windows can be announced in the capital raise page.
For more information visit: https://capital.bitfinex.com/ustbl
Important: This token is only available on the Bitfinex Securities platform in El Salvador listings and not the Bitfinex exchange.
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USTBL (USTBL) — Frequently Asked Questions (FAQ)
1. Who is the issuer of USTBL?
NexBridge Digital Financial Solutions S.A de C.V is a digital product issuer, incorporated on 25/08/2023 in San Salvador and duly registered in the CNAD Issuer Registry on 21 December 2023 with approval letter no CNAD-050-2023/01 and registration number EAD-0003.
2. What is the minimum ticket size for USTBL?
The minimum investment in the primary offering is $1 USD, and the minimum tradeable unit on Bitfinex Securities will also be $1 USD equivalent.
3. Who can invest in USTBL?
Both the primary offering and secondary market trading will be restricted to members of Bitfinex Securities (i.e. verified Bitfinex Securities Account holders). Read this article to learn more about how to open an account on Bitfinex Securities.
The offering is not open to Prohibited Persons and/or Prohibited Jurisdictions, including US investors.
4. What is the underlying asset?
US Treasury Bond ETF (ISIN code IE00BGSF1X88)
For more detailed information, please refer to the information and documentation publicly available at iShares $ Treasury Bond 0-1yr UCITS ETF | IB01. The PRIIP KID, factsheet, and prospectus’ risk factors are also included in the RID as Appendix II, Appendix III and Appendix IV, respectively.
In addition, up to 2% of the underlying assets will be maintained in US dollars or USD Stablecoins for operational purposes.
5. Will interest be paid?
The underlying asset, US Treasury Bond ETF shares, are accumulating shares (i.e. income will be included in their value). No interest payments will be made; this will be reflected in the USBTL unit price.
6. What blockchain will USTBL be issued on?
The Token will be issued on the Liquid Network using Blockstream AMP, which enables sending, receiving, and storing digital tokens that require authorization from the token issuer to move funds. The issuer maintains a whitelist of accounts that have passed KYC/AML compliance and jurisdiction requirements. Accounts that are not included in the whitelist are not able to send, receive, or store tokens.
7. Can I withdraw USTBL to my wallet?
Withdrawals will be enabled in 1Q25.
8. What is the process for ongoing subscriptions and redemptions ?
The initial capital raise will begin on November 15, 2024, at 10 a.m. El Salvador time and conclude on November 25, 2024.
Subsequent subscriptions will be available for two days every two weeks from December 15, 2024.
Redemptions will be available in 1Q25.
9. What are the risks associated with USTBL?
Please see the risk factors outlined in the Relevant Information Document and the Certifier Report.
10. Who is the regulator overseeing this offering?
The National Digital Asset Commission of El Salvador (CNAD)
In the event of any discrepancy or inconsistency between the information contained in this Capital Raise Information page / FAQ and the Relevant Information Document, the Relevant Information Document shall prevail.