Bitfinex Securities opened capital raises for its first tokenized fund products, tokenized with Hadron by Tether — CMCC Global's Crest Fund and Liberty Bitcoin Accumulation Fund (LBAF). Bitfinex framed the offerings as the first tokenized funds of funds issued under El Salvador's digital asset framework, with secondary trading expected after the raises close.
- CREST tokens price at $10 each and target returns above US Treasury bill yields; LBAF tokens price at 0.0001 BTC each and target 8–12% net annualized returns measured in Bitcoin.
- Subscriptions run through October 29, with a six-month post-listing window of halved performance fees and waived redemption fees.
- Hadron handles issuance, compliance and lifecycle management; trustee BFXS (PTC) Limited holds the underlying participating shares behind each token.
- The raises follow over $500 million in assets already listed on Bitfinex Securities, including tokenized debt and US Treasury bills.