CMCC Global has opened tokenized raises for two funds on Bitfinex Securities, including one denominated in Bitcoin (BTC), in offerings the companies call the first of their kind under El Salvador’s digital asset framework.
The products are Crest Fund and the Liberty Bitcoin Accumulation Fund (LBAF). CMCC Global and Bitfinex Securities describe them as the first tokenized fund-of-funds offerings under the country’s framework. El Salvador’s National Commission of Digital Assets (CNAD) lists CMCC GLOBAL SPC as issuer and Bitfinex Securities El Salvador S.A. de C.V. as provider for both, with an emission date of Aug. 18, 2026.
That register date predates the capital raises. Bitfinex Securities’ listing shows they began Oct. 12 and are scheduled to close Oct. 29. CMCC says Hadron by Tether provides the tokenization technology, while Bitfinex Securities handles the offers and trading. The listing sets a one-token minimum: 10 Tether USDt (USDt) for CREST and 0.0001 BTC for LBAF, and marks the offerings for eligible investors.
The funds have different return objectives. CMCC says Crest seeks returns above U.S. Treasury bill yields. LBAF, which is denominated in BTC, targets net annualized returns of 8% to 12% in Bitcoin terms. That range is a stated target, not a record of realized performance. Bitfinex says Crest began in March 2022 and LBAF in April 2025, before these tokenized raises opened.
CMCC’s announcement says BTCS S.A. agreed to act as an anchor investor and planned an undisclosed triple-digit amount of Bitcoin. In an Oct. 21 filing, BTCS described its memorandum of understanding with CMCC Global SPC as substantially nonbinding. The filing says any investment would depend on further agreement and formal and regulatory conditions. BTCS said the proposal fits its Active Treasury strategy for managing its Bitcoin holdings and seeking additional returns.
CMCC has presented tokenization as a way to broaden access to investment products. The current capital raises are scheduled to run through Oct. 29, according to Bitfinex Securities.
