Bitfinex Securities Launches Two New Tokenized Equity Products in the UK
Bitfinex Securities has launched two tokenized equity products in the UK, focusing on alternative finance:
- The “TITAN1” product will invest £5 million ($6.8 million) in subordinate debt from Castle Community Bank, providing a 20% annual dividend for up to 10 years.
- The “TITAN2” structure will allocate £100 million ($136 million) to litigation financing related to car finance mis-selling claims, with investors receiving 50% of recovery proceeds.
Both products will be available as tradable tokens on Bitfinex Securities’ secondary market, issued on the Liquid Network, ensuring compliance and security.
Bitfinex's approach contrasts with larger institutions like BlackRock, emphasizing access to finance for underserved markets. Jesse Knutson, head of operations, highlighted the need for disintermediation in traditional financial ecosystems.