Bitfinex Securities Launches Tokenized Strategy-Metaplanet Notes Trading Against Bitcoin

Bitfinex Securities went live with five tokenized equity notes backed by Strategy and Metaplanet shares on Monday, marking the first regulated venue where non-US investors can trade tokenized corporate debt against bitcoin, dollars, and USDT.

The notes were issued through ORO II, a Luxembourg-domiciled fund structured under EU prospectus rules. Each note carries a fixed coupon and matures in 2029. Settlement occurs on-chain via the Liquid Network, with bitcoin-denominated pairs priced against a TWAP oracle updated every 30 seconds.

Bitcoin traded at $77,869 at 14:00 UTC Monday, down 0.68% in 24 hours and 2.5% over the past week. Volume reached $29.6 billion across spot markets while total crypto market cap contracted 2.98% to $2.62 trillion. Bitcoin dominance held at 59.6%.

| BTC Dominance | 59.6% |, |, |

The ORO II structure isolates note holders from custody risk, shares remain with a Luxembourg custodian while tokens trade peer-to-peer. Bitfinex Securities, licensed under the EU's DLT pilot regime, handles KYC/AML and order matching. US persons are blocked by geo-fencing and accredited-investor checks.

Strategy holds 252,220 bitcoin on its balance sheet as of August 2026. Metaplanet, a Tokyo-listed hotel operator, has accumulated 1,762 bitcoin since pivoting to a treasury strategy in 2024. Both companies' equity now has a bitcoin-denominated liquidity path outside traditional prime brokers.

The listing arrives as tokenized real-world assets surpass $12 billion in notional value across public blockchains. Analysts at Galaxy Digital estimate bitcoin-settled corporate debt could reach $50 billion by 2027 if custody and tax frameworks align across major jurisdictions.

Bitfinex Securities plans to add redemption windows quarterly starting Q4 2026. The next note series, backed by a European renewable-energy portfolio, is in prospectus review with the CSSF.