Bitfinex will update its account architecture to support native security tokens

Bitfinex Securities, the regulatory platform for trading tokenized securities, announced today a major update to the account architecture, removing separate security sub-accounts and enabling native support for security tokens on main and standard trading accounts.

The El Salvador-based exchange no longer requires users to hold separate sub-accounts for security tokens. Under the revised framework, tokenized assets will appear in exchange wallets with digital currencies, allowing unified portfolio control.

Existing securities sub-accounts will be migrated to standard trading sub-accounts without affecting balances, login details, 2FA configurations and withdrawal permissions, the company said.

The update reflects Bitfinex Securities' focus on improving access to advanced financial instruments, said Jesse Knutson, who oversees the company's operations.

“By streamlining the account experience, we remove barriers that previously existed between customers and token-backed asset classes, including bonds and other regulated securities,” Knutson said.

Users get the ability to freely move security tokens between sub-accounts and their main account. Full identity verification and collateral-specific compliance checks remain mandatory for all participants to trade tokenized instruments.

In the year Established in 2021, the platform has regulatory approval from the Astana International Financial Center in Kazakhstan and the Salvadoran authorities. It offers after-hours trading and supports self-maintenance of tokenized assets.