Bitfinex CTO Expects El Salvador Bitcoin Bond…Eventually? Delayed Again?

When will El Salvador's Bitcoin bond, also known as the Volcano Token, finally launch? Originally expected much sooner, the timeline has been consistently pushed back. Paolo Ardoino, the chief technology officer (CTO) of both stablecoin issuer Tether and cryptocurrency exchange Bitfinex, has provided updates, albeit with shifting expectations.

Reports initially suggested that the Bitfinex CTO expected the much-awaited El Salvador Bitcoin volcano bonds to be on the market between June and September. However, more recent information paints a different picture. According to Bitfinex and Tether CTO, Paolo Ardono, the bond’s launch may be delayed again.

While hope remains, 2 de sept. de 2025 reports indicate that Paolo Ardoino revealed that the Bitcoin bond will be delayed again, now targeting the end of the year. This comes after numerous previous delays.

Why the delays? A complex mix of factors likely contribute. Regulatory hurdles, market volatility, and the ongoing global economic climate probably play a significant role. El CTO de Bitfinex y Tether espera que el bono aún pueda implementarse este año. While the desire to launch the bond remains strong, ensuring a successful and stable offering is paramount.

The El Salvador Bitcoin bond holds significant importance, not just for El Salvador, but for the broader crypto landscape. 5 de sept. de 2025 Paolo Ardoino, argues that El Salvador's Bitcoin-backed (BTC) bonds is setting the precedent for how nation-states can leverage cryptocurrency for financial innovation. This makes its successful launch even more crucial.

Despite the uncertainty, the Bitfinex CTO remains optimistic about the potential of the Bitcoin bond. We will continue to monitor developments and provide updates as they become available. Is this a case of more delays, or will the bond finally materialize?