Bitfinex Launch Blockstream BMN2 Mining Note in El Salvador

 
Ritu Lavania
Written By 
Ritu Lavania
January 31, 2025

Bitfinex securities is planning to issue tokenized Blockstream Mining Note BMN2 from El Salvador under the Salvadorian law in 2025.

Bitfinex’s Blockstream Mining Note (BMN2)

According to local media reports, Bitfinex Securities Chief Operating Officer Jesse Knutson stated that the company plans to issue the Blockstream Mining Note 2 (BMN2) in El Salvador in the first quarter of this year.

BMN2 is a tokenized financial product that allows investors to earn Blockstream company’s Bitcoin mining rewards through holding. The previously issued BMN1 in Luxembourg has paid investors over 1,212 BTC (approximately $70.68 million) over a three-year period, achieving a 108% return on investment. Compared to the Luxembourg version, the El Salvador-issued BMN2 will lower the investment threshold and no longer require a minimum investment of $100,000.

BMN2 is one of the few tokenized products that have a history, and investors can see the results of BMN1. This will be a direct issue on our platform, and investors will be able to buy and sell on it. We are working with the CNAD (National Commission for Digital Assets) to obtain approval,” Adam Back said.  

This tokenized product is not the only product by the firm, last year, Bitfinex Securities launched a tokenized public offering of US Treasury bills (T-bills) under the country’s Digital Asset Issuance Act. T-bills was built on Bitcoin’s Liquid network, and offers investors exposure to short-term US Treasury bills denominated in US dollars.

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.