Bitfinex Securities Ltd. a provider of blockchain-based investment products, has today announced its first listing. Trading has gone live for Blockstream Mining Note (BMN), successfully raising €6.75 million and enabling accredited investors to obtain exposure to bitcoin mining.
From 01/03/22 at 12:30 PM UTC, BMN is available to trade with bitcoin (BMN/BTC) and US Dollars (BMN/USD) 24-hours a day and seven days a week. The BMN offering on the platform’s regulated investment exchange in the Astana International Financial Centre (AIFC) is live after successfully hitting the maximum sale of 25 (twenty five) Admitted Securities in BMN.
“We’re delighted to ring the bell for the launch of trading for the BMN token,” said Paolo Ardoino, CTO at Bitfinex Securities Ltd. “BMN embodies the type of ground-breaking, disruptive fintech that will flourish on our securities platform.”
“By packaging mining in a tradable token, BMN provides investors with a more competitively priced instrument than a traditional investment in physical mining infrastructure, where investors historically have seen high speculative valuations on public mining stocks far above asset value,” said Adam Back, Co-Founder and CEO at Blockstream. “By expanding investor participation in Bitcoin’s proof-of-work, the BMN also strengthens Bitcoin’s security and censorship resistance. BMN benefits investors while also supporting the broader bitcoin network.”
The Bitfinex Securities platform is designed to facilitate the raising of capital for issuers seeking to have their tokenized securities publicly traded through an easily accessible listing process. The Bitfinex Securities platform is available 24/7, an established practice in the digital token space.
Furthermore, as the platform deploys leading-edge technologies to reduce costs, increase efficiency and optimize the success rate of capital raises, investors obtain access to a low-cost, high performing and international securities trading market.
Bitfinex Securities is licensed by the Astana Financial Services Authority (AFSA).
