Bitfinex Securities has officially launched trading for five tokenized equity products affiliated with Bitcoin treasury companies. The launch is claimed to be the first Bitcoin treasury security tokens to enter secondary trading on a regulated exchange.
The five offered products include CMSTR, representing 100 common shares of Strategy per token, and STRCst, tracking STRC preferred shares at a 1:1 ratio. The remaining three assets are CMPTL, representing 100 Metaplanet shares per token, CH100 for Swedish firm H100 Group, and CALCPB for French entity Capital B. Both retail and institutional investors can now buy and trade these tokens using USD, USDT, or directly with Bitcoin.
All new instruments are issued on the Liquid Network infrastructure, a Bitcoin sidechain designed specifically for asset issuance and settlement. To accommodate investors with smaller capital, Bitfinex has enabled fractional purchases down to four decimal places.
Under the Regulatory Umbrella of Luxembourg and El Salvador
Based on their issuance structure, these security tokens are not created directly by the respective underlying companies. The process is routed through ORO (II), a Luxembourg-based umbrella securitization fund managed by SICOS Securities. All of these financial instruments have also secured official approval from the CNAD digital asset commission in El Salvador.
Bitfinex Securities’ operational reach is currently concentrated across two jurisdictions: El Salvador and Kazakhstan via the Astana International Financial Centre (AIFC). In line with compliance regulations, US entities and residents are prohibited from opening trading accounts on the exchange platform.
Strategy’s Maneuver and MSCI Delisting Threat
At the same time, the primary company behind these tokenized securities is raising cash capital from conventional stock markets. Strategy was recorded raising $333.7 million through MSTR share sales between August 10 and August 16, 2026. However, records show they did not purchase any new Bitcoin reserves during that multi-million-dollar transaction window.
Another challenge comes from mainstream index providers. Global index provider MSCI is holding a consultation period ending September 30 regarding the potential implementation of new rules. If approved, the changes could lead to the removal of Strategy and Metaplanet from MSCI Global indexes. The final outcome of the evaluation is scheduled for publication on October 16, with potential implementation beginning in November 2026.
If MSCI’s new rules ultimately exclude both companies from traditional investors’ radar, their conventional funding avenues will shrink. Yet through fractional tokenization within the crypto ecosystem, their securities at least gain an alternative liquidity pathway operating outside conventional stock markets. Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
