El Salvador’s Next Bridge raises $30M by simulating US Treasury bills on the Bitcoin blockchain.
El Salvador platform NextBridge recently closed a $30 million token sale backed by US Treasury bills. Built on Bitcoin's blockchain with the Liquid Network, the USTBL tokens aim for a total supply of $200 million and are subject to El Salvador's securities laws. This reflects a growing trend in token assets, with global leaders such as BlackRock's Franklin Templeton entering the space. This positions El Salvador as a growing player in the crypto-finance space, combining traditional financial stability with decisive blockchain innovation. If successful, this could lead to wider adoption of tokenized bonds, providing greater liquidity and efficiency.
