FAQ

NEXBRIDGE is a regulated issuer of digital assets that are structured with an ETF-like design, based on published rules, and issued natively on Bitcoin’s Liquid Network by Blockstream, an institutional-grade layer designed for capital markets.

Key differentiator. NEXBRIDGE issuances are regulated at the token level, not merely at the wrapper level. Each token is issued with a public term sheet in the form of a Relevant Information Document (RID) that clearly defines fees, rules, risks, and investor rights, and receives a dedicated registration number available on the public issuance registry (CNAD Issuances Archive).

In parallel, NEXBRIDGE is preparing selective listings on trading platforms and centralized exchanges (CEXs) to broaden market access and provide additional liquidity. One of our issuances is already available on Bitfinex Securities (Bitfinex Admission to Trading | USTBL Offering Overview), and additional exchanges will be announced on the NEXBRIDGE website (Digital Asset Issuances | NEXBRIDGE Regulated Tokenization) as new listings are finalized.

Because—similar to ETFs in TradFi—our tokens are engineered to track the reference market under clear, published rules. In practice for investors:

• ● Transparency. A documented rescaling mechanism keeps the token aligned to its reference; the methodology is disclosed in the public RID (term sheet).
• ● What-you-see-is-what-you-get pricing. Fees are embedded and published up front; execution is structured to minimize slippage so the token’s behavior matches the stated rules.
• ● Fair subscriptions/redemptions. The OTC primary market prices at NAV (T+1) to avoid timing arbitrage and protect existing holders.
• ● Market quality by design. Selective secondary listings on CEXs complement OTC, helping maintain a standing bid and prices close to NAV.
• ● Regulatory clarity. Token-level regulation and a public RID that spells out fees, rules, risks, and investor rights.
• ● Proof of Reserves. Verifiable, audited backing of assets reinforces the linkage between the token and its reference assets.
• ● Institutional settlement rails. Issued natively on Bitcoin’s Liquid Network for capital-markets features (settlement speed, confidentiality); optional multichain access via wrappers when broader liquidity is useful.
• ● Liquidity focus. Design choices (OTC + selective CEXs, standardized rules, and clear issuance/redemption flows) are aimed at deep, continuous liquidity and greater market participation.

Best Execution is NEXBRIDGE's commitment and policy to obtain the best possible result for client orders, in line with applicable laws and our internal Best Execution Policy. We act with due diligence, skill, and care, seeking the optimal balance across relevant execution factors, including price, total costs/fees, speed, likelihood of execution and settlement, size, nature of the order, and other considerations disclosed in our policy.

This applies to our OTC Desk (platform feature) and to any external venues we use (e.g., CEXs and other trading platforms) when routing or facilitating execution. On the OTC Desk, client orders are typically handled through an RFQ workflow to evidence price discovery and best execution outcomes, supported by timestamped quotes and procedural controls. We periodically monitor, review, and enhance our execution arrangements, and manage potential conflicts of interest under Compliance oversight.

We issue natively on a Bitcoin-based layer oriented to capital markets because, together with our issuance policies and a dedicated digital-assets legal framework, it enables:

• ● Bitcoin-anchored assurance: Bitcoin is widely regarded as the most secure blockchain, and the chosen layer anchors to Bitcoin, benefiting from its battle-tested infrastructure and auditability while applying federation-based finality appropriate for capital-markets workflows.
• ● Policy-based controls for regulated issuance (governed mint/burn, address whitelisting, transfer restrictions) implemented through our framework and program rules.
• ● Predictable, efficient settlement suitable for primary/secondary flows and institutional operations.
• ● A mature security model and broad institutional familiarity with Bitcoin infrastructure, custody, and tooling.
• ● Confidential-transaction capabilities (where supported) that limit information leakage and help reduce market-manipulation/front-running risks, while preserving verifiability at the issuance level.

For more information about the Liquid Network ecosystem, please visit https://liquid.net.

The canonical issuance is on Bitcoin technology and serves as the single source of truth for supply, controls, and redemption.
Where broader access adds real value, we may introduce access wrappers on other chains in the future. If/when offered, they will:

• ● Mirror the same rules and economics defined in the RID.
• ● Be 1:1 with the canonical supply under governed mint/burn.
• ● Settle and redeem back to the canonical chain to preserve integrity.

BTCfi is the development of markets and services built on Bitcoin rails. NEXBRIDGE’s role is to issue regulated digital assets on a Bitcoin-based layer (Liquid Network) and to provide the mechanisms—NAV-based primary issuance, settlement rails, collateralization, and liquidity programs—that help those assets function predictably.

Duly authorized by El Salvador's National Commission of Digital Assets (CNAD), under the registration number EAD-0005. Each issuance carried out by NEXBRIDGE receives a unique registration number from the regulator (for example, USTBL: AD-00004). We operate within recognized frameworks and adopt top-tier standards beyond minimum local requirements. Scope includes:

• ● Issuer licensing: Issuers, including those issuing stablecoins, may carry out the public offerings regulated by de Digital Assets Issuance Law of El Salvador, and
• ● Distribution permissions: Exchange of digital assets for fiduciary money or equivalent or for other digital assets, either using their own capital or that of a third party; Place digital assets on digital platforms or wallets; and Promote, structure, and manage all types of investment products in digital assets.
• ● See our licenses and disclosures here:
  • a) Issuer: https://cnad.gob.sv/issuers/.
  • b) DASP: https://cnad.gob.sv/public-registry/digital-assets-service-provider/.

The underlying reserves backing each issuance are held with independent, regulated custodians.

• ● Custody of reserves: segregated, issuance-specific accounts at regulated third-party custodians, with clear asset-management policies per issuance as described in the Relevant Information Document (RID).
• ● Controls: dual-control (maker-checker) on NAV, mint/burn, subscriptions/redemptions; segregation of duties; documented approvals with time-stamped logs.
• ● Daily verification: reconciliations across bank accounts, custody wallets, the official trade ledger, and the blockchain to ensure 1:1 mapping between reserves and circulating supply.
• ● Independent assurance: monthly Proof of Reserve attestations (with hybrid on-chain checks as they roll out).
• ● Where to read details: see each issuance's RID for reserve policy, cut-offs, and SLAs.

Your tokens are held either in self-custody (your approved wallet) or under exchange custody (where listed).

• ● Self-custody: you can withdraw to whitelisted addresses (e.g., Blockstream Green/Jade) approved under your profile.
• ● Exchange custody: tokens can be held at regulated CEX that list the issuance; venue-level security and withdrawal policies apply.
• ● Transfers & whitelisting: transfers are permitted only between approved addresses to reduce fraud and meet compliance.

Whitelisting is the process of linking approved wallet addresses to your investor profile so that regulated digital assets can move only between authorized endpoints.

Where it applies

• ● Regulated NEXBRIDGE tokens (primary and secondary flows).
• ● OTC Desk: used for subscriptions/redemptions settlement.
• ● Exchanges: used for deposits/withdrawals of regulated tokens (the exchange coordinates address approval with the issuer).

How it works

• ● Self-custody: you provide your Green/Jade (or other approved) addresses during onboarding; once approved, they’re added to your allow-list.
• ● Exchange custody: your exchange deposit address is approved automatically as part of venue onboarding with the issuer.
• ● Controls: transfers of regulated tokens are restricted to whitelisted addresses; non-approved destinations are blocked.

Each NEXBRIDGE issuance has a Public Term Sheet (Relevant Information Document – RID) published on the NEXBRIDGE website. The RID includes the official Risk Disclosure, along with the product's rules, fees, and investor rights.
For the most accurate and complete information, please refer to the RID of the specific issuance before subscribing or trading which is available on NEXBRIDGE's website Digital Asset Issuances | NEXBRIDGE Regulated Tokenization

DeFIDR (DeFi Depository Receipt) is an ADR-like concept for on-chain receipts with legal rights. It’s strategically interesting for institutions, but legally complex. Our near-term focus remains ETF-style exposure (performance tracking, token-level regulation), while we study DeFIDR as a longer-term option where full ownership rights are desired.

USTBL is our short-term fixed-income digital asset (Treasury-style exposure) issued on Bitcoin infrastructure. It delivers transparent, integrated yield (holding = yield) and acts as a benchmark, liquidity anchor, and building block for structured products.

It can be the on-chain fixed-income benchmark (risk-free reference), a gateway for institutions to derisk their exposure without exiting the digital asset ecosystem, a liquidity anchor for market-making/lending, and a foundation for structured notes—while paying clear, integrated yield to holders.

Access depends on the distribution channel (OTC vs exchange), jurisdiction, and investor eligibility for each issuance.

Primary market — OTC Desk (today)

• ● Who: primarily professional and institutional investors (e.g., funds, banks, brokers, family offices, corporates, market makers).
• ● Requirements: KYC/AML, investor eligibility (as defined in the RID/regime), and whitelisting of settlement addresses.
• ● How you subscribe/redeem: at fair value (NAV) under the procedures in the RID.

Secondary market — Trading platforms and CEXes (phased rollout)

• ● Who: self-directed users in eligible jurisdictions, subject to each venue's KYC and local rules.
• ● Availability: listings are selective and jurisdiction-specific; we keep an up-to-date venue list here: Terms & Conditions.
• ● How you trade: on the order book of the venue; deposits/withdrawals of regulated tokens use exchange-coordinated whitelisting.

General notes

• ● Jurisdiction matters: some countries are restricted (e.g., U.S. Persons and sanctioned regions, please review Terms & Conditions (Link) for more information.
• ● Per-issuance rules: eligibility, cut-offs, and limits can vary by product; always check the Public Termsheet (RID) for the specific issuance.
• ● Self-custody: supported via approved wallets (e.g., Green/Jade) once whitelisted; exchange custody is also available where listed.

OTC Desk (primary market)

1. ● KYC/AML & eligibility: complete verification (individual or corporate), as required by the issuance’s RID.
2. ● Whitelisting: register your settlement address (self-custody Green/Jade or an approved exchange deposit address).
3. ● Account setup: sign OTC terms and receive desk contacts and cut-off times.
4. ● You’re ready: subscribe/redeem at NAV via the OTC Desk under the procedures described in the RID.

Exchanges (secondary market)

1. ● Open an account at a supported venue and complete the venue’s KYC/AML.
2. ● Trade 24/7 on the order book once the asset is listed in your jurisdiction.
3. ● Whitelisting for deposits/withdrawals of regulated tokens is coordinated automatically by the exchange with the issuer.

The OTC flow is a regulated process conducted under our licenses and supervisory oversight.

Phase 1 — “Best Execution” (pre-funded, simple, predictable) — launch mode

Subscriptions (buy):

• ● You specify the value you wish to invest in supported stablecoins (USDT/USDC) and the product you want to purchase.
• ● You pre-fund the order (funds received → order valid).
• ● We execute at the end-of-day NAV (best execution around NAV); tokens activate T+1 and become transferable to your whitelisted address.

Redemptions (sell):

• ● You indicate the number of tokens you wish to redeem and your whitelisted settlement route.
• ● We lock the tokens at T (valid request).
• ● We process payout at T+1 based on the end-of-day NAV, typically in USDT/USDC.

Cut-off & rules: orders received by cut-off qualify for the same-day EOD NAV. All timelines/SLAs are detailed in the issuance RID.

Phase 2 — “RFQ + Collateralized Flex” (tailored requests) — next step

• ● RFQ: for larger or bespoke requests, submit a Request for Quote and receive a tight price range.
• ● Margin wallet (optional): where enabled, a collateral wallet (stablecoins) and, progressively, can support faster settlement (including T+0), subject to liquidity and risk limits.
• ● Benefit: faster, tailored execution while preserving price discipline and risk controls.

OTC Desk (primary):

• ● Fees: trading/handling fees are set out in the OTC Desk T&Cs; subscription/redemption fees are disclosed in each issuance's Public Termsheet (RID).
• ● Other costs: where applicable, network/settlement fees (e.g., blockchain fees, wires) and any FX are itemized.

Centralized Exchanges (secondary):

• ● Fees: each venue applies its own trading and withdrawal fees; spreads depend on order-book liquidity per venue schedules.

Principle: what you see is what you get — no hidden costs; all rules and fees are published in the RID and venue fee schedules.

OTC (primary market):

• ● Now: subscriptions/redemptions typically accepted in major stablecoins (USDT/USDC).
• ● Planned: USD bank wires to be added.
• ● Roadmap: our regulated stablecoin may be offered as an operational settlement currency to enable atomic settlement for NEXBRIDGE issuances (pending regulatory approval).

CEX (secondary):

• ● Pairs depend on the venue.
• ● Check each exchange’s supported pairs list; we’ll also maintain a live “Where to trade” page.

Run the OTC Desk with features that expand over time—start with best execution around NAV (pre-funded), then introduce RFQ and margin funding. Expand authorized self-custody wallets and roll out selective listings on CEX with professional market makers. We will publish updates on our regulated stablecoin integration to further improve settlement efficiency as approvals are finalized.

A Bitcoin-first, interoperable capital-markets stack where institutions can access, structure, and settle real-world exposures on-chain with ETF-like clarity: start from benchmarks (e.g., USTBL), expand to innovative, liquid structures, and graduate to native on-chain equity issuance—with public term sheets, hybrid PoR, and market quality (OTC at NAV + credible secondary liquidity).