NexBridge launched USTBL — the first regulated public offering of tokenized U.S. Treasury exposure on Bitcoin technology, with an initial soft cap of $30 million. The product is designed to bring the stability and yield of U.S. Treasuries to investors in eligible jurisdictions through blockchain infrastructure.
Built on Bitcoin Infrastructure
USTBL is built on Bitcoin's Liquid Network using Blockstream's Asset Management Platform (AMP). This technology stack enables standardized compliance rules that can be enforced across jurisdictions, embedding KYC/AML verification directly at the token level to ensure only approved investors can participate.
The launch of USTBL is expected to increase total real-world assets (RWAs) on the Liquid Network to over $2 billion, representing more than 15% of the blockchain-based RWA market.
Regulatory Foundation
USTBL is issued under El Salvador's Digital Asset Law, providing a clear and established regulatory framework for the offering. Bitfinex Securities, which became El Salvador's first Digital Asset License holder in 2023, serves as the listing platform for USTBL, connecting the token to a regulated exchange infrastructure.
Strategic Partnerships
NexBridge has joined the Liquid Federation, a consortium of over 70 members including Bitcoin companies and exchanges. The project represents a close collaboration between NexBridge, Blockstream (led by Dr. Adam Back), and Bitfinex Securities — combining expertise in digital asset issuance, Bitcoin infrastructure, and regulated exchange operations.
Democratizing Access
USTBL aims to address the accessibility and cost barriers that have traditionally limited participation in Treasury markets. By reducing intermediaries and associated fees through blockchain-based settlement, the product works to democratize access to stable, regulated digital assets for a broader range of eligible investors.