CMCC Global Plans Tokenized Bitcoin Funds With Tether And Bitfinex Securities
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TL;DR: CMCC Global is bringing two existing fund strategies into tokenized securities issued through Tether’s Hadron infrastructure and Bitfinex Securities under El Salvador’s rules. The tokenization of financial products is moving beyond Treasury bills and cash-like instruments. Investment manager CMCC Global has announced plans to represent interests in two digital-asset funds as tokens through infrastructure supplied by Tether and a regulated securities venue operated by Bitfinex. The funds are called Crest and the Liberty Bitcoin Accumulation Fund, or LBAF. CMCC describes the offerings as fund-of-funds structures under El Salvador's digital-asset framework, with issuance and token management on Hadron by Tether and distribution through Bitfinex Securities. Two strategies, two ways to measure returns Crest is denominated in U.S. dollars and aims to outperform Treasury-bill yields.
First reported by NewsBTC. This page is a short excerpt; the full text is theirs.
