Bitfinex to issue Bitcoin mining notes in El Salvador Q1 2025

Bitfinex Securities revealed its plan to launch the Blockstream Mining Note 2 (BMN2) in El Salvador within the first quarter of 2025. The BMN2 is a tokenized financial product designed to provide investors with Bitcoin mining income by holding the token.

This follows the successful issuance of Blockstream Mining Note 1 (BMN1) in Luxembourg, which delivered over 1,212 BTC to investors over three years.

The investment threshold for the BMN2 notes in El Salvador will be lower than that of its Luxembourg counterpart, which required a minimum investment of $100,000. Bitfinex Securities is working with El Salvador’s National Commission of Digital Assets (CNAD) to secure approval for the BMN2 issuance under Salvadoran laws.

Jesse Knutson, Chief Operating Officer at Bitfinex Securities, in an interview, expressed confidence in the potential of BMN2, citing the historical performance of BMN1. Knutson stated, "BMN2 is one of the few tokenized products that has a history, and investors can see the results of BMN1. This will be a direct issuance on our platform, and investors will be able to buy and sell on it."

El Salvador’s Digital Assets Law is expected to facilitate a more accessible entry point for investors interested in BMN2. Bitfinex Securities aims to establish El Salvador as the epicenter of new capital markets by 2025, with plans to introduce additional tokenized products, including real estate shares, bond issuance, and the first tokenized funds in the coming months.

The firm also launched a tokenized public offering of U.S. Treasury bills at the end of 2024, leveraging El Salvador’s Digital Asset Issuance Act. These developments are part of a broader effort to position El Salvador as a global leader in the cryptocurrency space.

Bitfinex Securities participated in the Plan B Forum, which included discussions on token issuance, Bitcoin adoption, digital asset regulations, and the mining industry. El Salvador, under President Nayib Bukele, has been proactive in embracing cryptocurrencies, becoming the first country to adopt Bitcoin as legal tender in 2021.

Bitfinex Derivatives, a subsidiary of Bitfinex, recently relocated to El Salvador after obtaining a Digital Asset Service Providers license, marking a significant milestone for the company and reinforcing El Salvador’s position as an emerging financial hub.

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