---
title: "CMCC Global Partners With Tether and Bitfinex Securities for Tokenized Fund-of-Funds"
description: "The manager is tokenizing two quantitative crypto funds under El Salvador's digital asset framework using Tether's Hadron infrastructure."
url: https://basisdesk.news/news/cmcc-global-tether-bitfinex-tokenized-funds-el-salvador
published: 2026-10-22T10:46:12.841Z
modified: 2026-10-22T10:46:12.841Z
section: RWA & Tokenization
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC, USDT]
tags: [tokenization, el-salvador, bitfinex-securities, hadron, hedge-funds]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# CMCC Global Partners With Tether and Bitfinex Securities for Tokenized Fund-of-Funds

The manager is tokenizing two quantitative crypto funds under El Salvador's digital asset framework using Tether's Hadron infrastructure.

## At a glance

- **What happened:** CMCC Global launched tokenized units of its Crest and Liberty Bitcoin Accumulation Funds under El Salvador's regulatory framework.
- **Why it matters:** It marks El Salvador's first tokenized fund-of-funds issuance, deploying Tether's Hadron tokenization platform for regulated investment funds.
- **Who is affected:** Eligible investors, CMCC Global, Bitfinex Securities, and anchor investor BTCS S.A.
- **Takes effect:** 2026-10-30
- **What's next:** The capital raise subscription period closes on Oct. 30, 2026.
- **Status:** announced
- **Primary source:** [CMCC Global Partners with Tether and Bitfinex Securities to Launch the First Tokenised Fund-of-Funds Under El Salvador's Digital Asset Framework](https://www.prnewswire.com/news-releases/cmcc-global-partners-with-tether-and-bitfinex-securities-to-launch-the-first-tokenised-fund-of-funds-under-el-salvadors-digital-asset-framework-302916813.html) — PR Newswire

## Key points

- CMCC Global is issuing the first tokenized fund-of-funds under El Salvador's Digital Asset Framework.
- Issuance utilizes Tether's Hadron platform, with trading and distribution hosted by Bitfinex Securities.
- Dual-listed digital asset treasury BTCS S.A. agreed to serve as anchor investor with an undisclosed triple-digit BTC allocation.

## Editorial remark

- **Context:** El Salvador established a dedicated legal framework for digital asset issuance and trading, attracting offshore fund managers and tokenization infrastructure providers.
- **Impact:** Eligible investors gain continuous secondary trading access to quantitative digital asset hedge fund strategies with automated mint-and-burn share tokenization.
- **Watch:** The initial public offering subscription window closes on Oct. 30, 2026, after which secondary trading begins on Bitfinex Securities.

Blockchain asset manager CMCC Global announced on Oct. 22, 2026, the tokenization of two flagship quantitative investment vehicles under El Salvador's Digital Asset Framework [1]. The offerings represent the jurisdiction's first tokenized fund-of-funds structures and rely on issuance infrastructure provided by [Tether's Hadron platform](https://basisdesk.news/news/tether-launches-hadron-asset-tokenization-platform) alongside listing venue Bitfinex Securities [1].

The offerings cover CMCC Global's Crest Fund and the Liberty Bitcoin Accumulation Fund (LBAF), which operate as segregated portfolios of Cayman Islands-domiciled CMCC Global SPC [1]. The USD-denominated Crest seeks returns outpacing US Treasury yields, while LBAF aims for net annualized returns of 8% to 12% denominated in $BTC [1]. Both vehicles run market-neutral quantitative hedge fund strategies across decentralized finance, market making, funding-rate arbitrage, and cross-venue arbitrage [1]. At the time of writing, Bitcoin traded around $81,961, down 1.6% over the preceding 24 hours.

## Structure and Anchor Capital

Tokens will be minted against underlying fund shares through Bitfinex Securities El Salvador at initial prices of $10 per CREST token and 0.0001 BTC per LBAF token, with a minimum investment threshold of one token [1]. The architecture burns tokens upon redemption to preserve a 1:1 economic peg with fund shares while enforcing identity verification rules [1]. Secondary trading will operate continuously on Bitfinex Securities, alongside self-custody options across approved whitelisted addresses [1].

Publicly listed digital asset treasury firm BTCS S.A. has committed to anchor the offerings, intending to allocate an undisclosed triple-digit BTC amount during the launch [1]. The capital raise subscription window opened on Oct. 22 and remains available to eligible participants through Oct. 30, 2026 [1].

## Sources

1. [CMCC Global Partners with Tether and Bitfinex Securities to Launch the First Tokenised Fund-of-Funds Under El Salvador's Digital Asset Framework](https://www.prnewswire.com/news-releases/cmcc-global-partners-with-tether-and-bitfinex-securities-to-launch-the-first-tokenised-fund-of-funds-under-el-salvadors-digital-asset-framework-302916813.html) — PR Newswire, 2026-10-22

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai