Paolo Ardoino's ambition to cut companies' capital-raising costs by 80% faces a practical test at Bitfinex Securities: the platform's example of a $5 million, one-year bond carries a $100,000 issuer fee, equal to 2% of the raise.
Bitfinex Securities is a platform for raising capital through tokenized securities. An Oct. 5 Bitfinex account set out the Bitfinex CTO's five-year benchmark for the tokenization industry.
The question it raises is how businesses outside established financial centers can obtain affordable financing when issuing a security still involves a substantial minimum charge.
