CMCC Global Launches Tokenized Bitcoin Funds with Tether and Bitfinex Securities

CMCC Global plans to tokenize two digital-asset funds, Crest and the Liberty Bitcoin Accumulation Fund (LBAF), using Tether's Hadron infrastructure and Bitfinex Securities under El Salvador's regulations. Crest aims to outperform Treasury-bill yields in U.S. dollars, while LBAF targets an annualized net return of 8% to 12% in Bitcoin. The tokens represent economic interests in underlying fund shares, created against corresponding shares and destroyed upon redemption. The structure includes identity checks and anti-money-laundering requirements for eligible self-custody. An institutional investor, BTCS S.A., has agreed to provide a significant allocation of Bitcoin, though the exact amount remains undisclosed. The issue price is set at 10 USD per Crest token and 0.0001 BTC per LBAF token. The success of these offerings could demonstrate how blockchain settlement integrates into regulated fund management.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.