Tether-A Tokens
Digital asset issuance providing economic exposure to certain economic distributions derived from shares of Tether Fund.
Overview
The Tether-A Tokens are digital tokens issued by T-Anchor, S.A. de C.V. (“T-Anchor” or the “Issuer”) that provide holders with economic exposure to certain economic distributions derived from shares of Tether Global Investments Fund, SICAF, S.A. (“Tether Fund”), an entity regulated and supervised by the Banco Central of El Salvador and Superintendencia del Sistema Financiero of El Salvador, respectively.
The issuance has been structured to facilitate broader participation in the economic performance associated with the underlying Reference Shares through digital asset infrastructure and secondary market participation. The Tether-A Tokens provide economic participation only and do not confer ownership, governance, voting, or control rights in the Issuer, the Tether Fund, or any of their affiliates.
Pursuant to the contractual arrangements entered into with the relevant stakeholders of the Tether Fund ecosystem, T-Anchor has been granted exclusive rights in connection with the tokenization, issuance, administration, and commercialization of digital asset products linked to shares, economic rights, distributions, or other interests associated with Tether Fund.
Availability subject to applicable laws, regulations, and jurisdictional restrictions.
What are Tether-A Tokens?
What are the Tether-A Tokens?
The Tether-A Tokens are digital assets issued by T-Anchor that provide holders with economic exposure to certain economic distributions derived from specific Tether Fund Reference Shares designated exclusively for the TETHER-A issuance pursuant to the contractual and custody arrangements described in the RID.
The Tokens are structured as Digital Assets of Income under Article 5(n) of El Salvador’s Digital Asset Issuance Law.
What rights do token holders receive?
Subject to the terms of the RID and applicable law, Token Holders may be entitled to receive:
Exposure to dividends and other economic distributions associated with the Reference Shares;
Pro-rata economic distributions derived from the Reference Shares;
Access to secondary market trading through approved trading venues.
Distributions, if any, are dependent upon distributions received by the Issuer in connection with the Reference Shares and remain subject to applicable expenses, operational requirements, and the terms of the issuance.
What rights do token holders not receive?
Holding Tether-A Tokens does not grant:
- Ownership of shares in Tether Fund;
- Voting or governance rights in Tether Fund or the Issuer;
- Management or control rights;
- Guaranteed returns or guaranteed liquidity;
- Rights against Tether Fund, Tether International, or any portfolio company.
Secondary market
Following issuance, Tether-A Tokens may be made available for trading through Bitfinex Securities, a Digital Asset Service Provider registered before the Comisión Nacional de Activos Digitales (“CNAD”) with Register ID number PSAD-0001, subject to applicable law, onboarding requirements, and platform rules.
Secondary market trading may also occur through additional mechanisms or platforms in accordance with applicable law and the operational framework of the relevant service providers.
There can be no assurance that an active or liquid secondary market will develop or be maintained.
About
t-anchor
Overview
T-Anchor is a company incorporated under the laws of the Republic of El Salvador and established to operate as a special purpose vehicle for the issuance and administration of the Tether-A Tokens.
The Issuer’s sole material activity is the holding and administration of the Reference Shares and the issuance and operation of the Tether-A Tokens in accordance with the RID, the Custody Agreement, and applicable law.
The Issuer does not engage in unrelated operating or investment activities.
Governance structure
The Issuer operates under a streamlined governance structure appropriate for its nature as a special purpose vehicle.
The Issuer is administered by a Sole Administrator, supported by legal and compliance functions.
Regulatory information
Jurisdiction: Republic of El Salvador
Issuer: T-Anchor, S.A. de C.V.
Digital Asset Issuance governed by the Digital Asset Issuance Law of El Salvador.
CNAD registration information will be published once available.
About
tether fund
Overview
Tether Fund is an entity regulated by the Banco Central of El Salvador and supervised by the Superintendencia del Sistema Financiero of El Salvador, respectively.
The Tether-A Tokens are economically linked to specific Reference Shares associated with Tether Fund pursuant to the issuance structure described in the RID.
The financial strength of the structure is grounded in the economic performance associated with the underlying Reference Shares and the broader Tether ecosystem.
Relationship to the tokens
The Tokens do not represent direct ownership interests in Tether Fund.
Rather, the Issuer receives certain economic rights associated with the Reference Shares and passes through economic distributions to Token Holders in accordance with the RID and applicable contractual arrangements.
Token Holders have no direct claim against Tether Fund.
Structure overview
Structure summary
01
Certain eligible shareholders of Tether Fund have assigned Reference Shares into the issuance structure pursuant to a Custody Agreement.
02
T-Anchor issues Tether-A Tokens representing contractual economic rights associated with those Reference Shares.
03
Economic distributions, if any, received by the Issuer in respect of the Reference Shares will be, subject to the terms of the issuance, be distributed pro-rata to Token Holders.
04
The issuance structure is intended to facilitate digital asset infrastructure, secondary market participation, and broader access to economic exposure associated with the underlying Reference Shares.
Key participants
T-Anchor
Issuer and administrator of the Tether-A Tokens.
Tether Fund
Entity associated with the underlying Reference Shares.
Bitfinex Securities
Digital Asset Service Provider facilitating trading and digital asset infrastructure.
Token Holders
Investors holding Tether-A Tokens.
Regulatory and legal disclosures
Important regulatory notice
The Tether-A Tokens have been structured as Digital Assets of Income under El Salvador’s Digital Asset Issuance Law.
An investment in the $Tether-A Tokens involves risk. Prospective acquirers should carefully review the RID in its entirety before making any investment decision.
The Tokens are not bank deposits, are not guaranteed by any governmental authority, and may lose value.
Jurisdiction restrictions
The Tether-A Tokens may only be offered, sold, transferred, or otherwise made available in jurisdictions where such activities are lawful and permitted under applicable law.
The Tokens are not available in jurisdictions where the issuance, offering, acquisition, holding, or transfer of digital assets would violate applicable laws, regulations, sanctions, or restrictions.
Access to the Tokens may be restricted for persons located in, organized in, or ordinarily resident in certain jurisdictions, or otherwise subject to sanctions or regulatory prohibitions.
Investor eligibility
Participation in the issuance is limited to persons who satisfy the, onboarding, compliance, AML/CFT, sanctions screening, and jurisdictional requirements established by Bitfinex Securities and applicable law.
The Issuer and applicable service providers reserve the right to reject, suspend, restrict, or terminate access to the Tokens where necessary to comply with applicable law or operational requirements.
No guarantee
No representation, warranty, or guarantee is made regarding:
- future distributions;
- future performance;
- liquidity;
- market price;
- appreciation in value; or
- the development or continuation of a secondary market.
Any distributions remain dependent upon the economic performance associated with the Reference Shares and the terms of the issuance.
Documents & resources
Available documents
The following documents may be made available through this website:
- Relevant Information Document (“RID”);
- Certifier’s Report;
- Corporate announcements;
- Supplements and amendments;
- Legal notices;
- FAQs and investor materials.
Prospective Token Holders are encouraged to review all available documentation carefully.
Access Trading
Trading information
Tether-A Tokens may be made available for trading through Bitfinex Securities, subject to onboarding, eligibility, and compliance requirements.
Trading activities remain subject to applicable law, operational rules, platform requirements, and market conditions.
Trading availability may vary depending on jurisdiction, onboarding status, and applicable restrictions.
FAQ
Tether-A Tokens are digital assets issued by T-Anchor that provide holders with economic exposure to a portion of shares in Tether Fund (the “Reference Shares”).
They allow holders to receive certain economic benefits (if any) derived from those shares, such as dividends.
No. Holding Tether-A Tokens does not give you ownership of shares in Tether Fund. You only have a contractual right to receive economic distributions, if any, passed through by the Issuer.
You may receive payments only if:
- Tether Fund declares dividends or other distributions; and
- The Issuer receives those distributions.
If both occur, the Issuer will distribute the net amounts pro-rata to Token Holders through Bitfinex Securities, typically in USD₮.
No. There is no guarantee that any dividends or distributions will be declared or paid. Your returns depend entirely on the performance and decisions of Tether Fund.
No. The Issuer is not obligated to repurchase or redeem the Tether-A Tokens at any time.
You may exit by selling your Tether-A Tokens on the secondary market, if available.
However:
- There is no guarantee of liquidity, and
- You may not be able to sell at your desired price or at all.
Yes. Bitfinex Securities is the platform used for:
- custody
- trading
- distribution of payments
To receive distributions, you must:
- be registered and onboarded, and
- comply with all KYC/AML requirements of the platform.
If no dividends or distributions are declared:
- you will not receive any income, and
- your return will depend solely on the market price of the tokens.
Tether-A Tokens are classified as Digital Assets of Income – Rights of Earnings under Salvadoran law. They do not represent equity ownership or debt obligations.
No. Token Holders have no direct or indirect claim against:
- Tether Fund
- Tether International
- any underlying reserves or portfolio companies