CMCC Global Tokenizes Crest Fund and LBAF through Tether and Bitfinex Securities

CMCC Global has announced the tokenization of the Crest Fund (Crest) and the Liberty Bitcoin Accumulation Fund (LBAF), becoming the first tokenized master fund products issued under El Salvador's digital asset legal framework. The two funds will be issued through Tether's Hadron tokenization platform and will raise funds from qualified investors on the regulated Bitfinex Securities platform, with a subscription deadline of October 30, 2026. Both funds are multi-manager quantitative hedge funds that invest in market-neutral strategies in the digital asset market, including funding rates, cross-exchange and volatility arbitrage, market making, and DeFi strategies. Crest is priced in USD, targeting returns above U.S. Treasury yields; LBAF is priced in Bitcoin, with a target net annual return of 8% to 12%. BTCS S.A., a digital asset treasury company listed in Poland and Frankfurt, has agreed to act as a cornerstone investor, planning to allocate a three-digit number of Bitcoins to LBAF, with the specific amount yet to be disclosed. The token issuance price is set at $10 per CREST and 0.0001 BTC per LBAF, with a minimum subscription of one token; eligible holders can trade on the secondary market through Bitfinex Securities at any time.

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