tl;dr
Bitfinex Securities has launched two tokenized equity offerings, TITAN1 and TITAN2, valued at approximately £105 million ($143 million), regulated by the Astana Financial Services Authority. TITAN1, a £5 million token, invests in subordinate debt of a UK credit union with quarterly dividends and inc...
Bitfinex Securities has launched two innovative tokenized equity offerings, TITAN1 and TITAN2, with a combined valuation of approximately £105 million (around $143 million). These are the first equity-based tokens available on the Bitfinex Securities exchange and are regulated by the Astana Financial Services Authority. The move aims to broaden investor access to alternative investments while reducing barriers typical in traditional fundraising.
TITAN1 is a £5 million token investing in subordinate debt issued by a UK credit union. It offers investors quarterly dividends and features an increasing coupon rate if unpaid after five years, incentivizing long-term holding. Meanwhile, TITAN2 is a £100 million equity token focused on litigation financing targeting unlawful practices uncovered in the UK's motor finance industry, specifically related to Personal Contract Purchase agreements flagged in a 2024 UK Financial Conduct Authority report.
The funds from TITAN2 will support claims for recovering losses tied to discretionary commission arrangements between brokers and lenders from 2007 to 2021. Structured through a private special purpose vehicle in Luxembourg with a three-year maturity, investors in TITAN2 receive proportional shares of any successful recoveries. These offerings reflect the accelerating adoption of blockchain in capital markets, promoting improved settlement times, lower entry thresholds, and enhanced global participation.
Industry experts highlight that tokenized real-world assets could evolve into a multitrillion-dollar market in the coming years, transforming investor engagement and institutional finance mechanisms. Bitfinex’s initiatives underscore this trend, positioning digital securities as a pioneering force reshaping fundraising and investment landscapes.