Paolo Ardoino, CTO of Bitfinex, has set a five-year benchmark seeking an 80% reduction in regulatory, listing and capital-raising costs for the tokenization industry, without specifying a numerical baseline. However, the Bitfinex Securities platform applies a $100,000 minimum issuer fee, equal to 2% on a $5 million one-year bond example, far exceeding the theoretical 0.4% formula rate. The Luxembourg securitization fund ALTERNATIVE illustrates a pooled financing route, with four issues totaling approximately $6.2 million and twenty coupon payments exceeding $1.1 million to date. The central question remains whether these issuance cost savings actually translate into better lending terms for businesses underserved by traditional finance.
Source: Read the original article
