Milestone

NexBridge Reaches Initial $30 Million Soft Cap in Record Time for Tokenized U.S. Treasury Bills

November 26, 2024

NexBridge reached its $30 million soft cap for USTBL within just 48 hours of launch, demonstrating strong market demand for regulated, blockchain-based Treasury exposure.

USTBL operates on Bitcoin's Liquid Network, combining the trusted stability of U.S. Treasuries with the efficiency of blockchain settlement. Following the initial subscription period, the offering remained open through November 29, with bi-weekly subscription windows established thereafter to accommodate ongoing investor interest.

Liquid Network Ecosystem

The Liquid Network currently holds over $2 billion in real-world assets (RWAs), establishing it as a significant platform for tokenized financial products. USTBL's rapid uptake further validates the network's role in institutional-grade digital asset issuance.

Key Partners

  • Blockstream — Provides the AMP (Asset Management Platform) and Liquid Network infrastructure that powers USTBL's issuance, transfer restrictions, and compliance enforcement.
  • Bitfinex Securities — Delivers foundational platform support as the first licensed Digital Asset Service Provider under El Salvador's regulations, enabling investor access to USTBL.

"This milestone represents more than a financial achievement — it reflects the strength of NexBridge's vision and execution."

— Michele Crivelli, Founder, NexBridge

"We are bridging the gap between blockchain technology and government-backed digital assets."

— Nicolas Cane, NexBridge

USTBL gives investors in eligible jurisdictions blockchain-based access to U.S. Treasury returns while maintaining full regulatory compliance. The record-setting soft cap achievement underscores the growing demand for transparent, regulated digital asset products built on proven infrastructure.