Bitfinex Lists Five Tokenized Products Linked to Bitcoin Treasury Companies

Bitfinex Securities has listed five tokenized products tied to four publicly traded Bitcoin treasury companies and Strategy's STRC preferred stock. The note covering Strategy common equity trades under the CMSTR ticker, with each note backed by 100 shares of Strategy's Nasdaq-listed Class A common stock.

The economic performance of the underlying position follows the notes, according to Bitfinex Securities. Another token, STRCst, tracks Strategy's STRC preferred stock on a one-for-one basis, providing holders with economic rights passed through from each underlying STRC share, including the variable cash dividend set by Strategy.

The five products cover Strategy, Metaplanet, H100, and Capital B common stock, while a fifth product tracks the economic rights attached to Strategy's Variable Rate Series A Perpetual Preferred Stock. Each note is backed by shares held with regulated financial institutions and issued through separate compartments of ORO (II), a Luxembourg umbrella securitization fund managed by SICOS Securities.

El Salvador's Comisión Nacional de Activos Digitales, or CNAD, approved the securities, which were issued on Liquid Network, a Bitcoin sidechain designed to support asset issuance, settlement, and compliance controls. Trading pairs include the U.S. dollar, USDT, and Bitcoin on the Liquid Network.