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Bitcoin-backed Volcano Bonds secure regulatory approval in El Salvador

Published date:

February 2, 2026

Bitcoin-backed Volcano Bonds secure regulatory approval in El Salvador

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El Salvador’s Digital Assets Commission has granted regulatory approval to Volcano Bonds, the world’s first-ever Bitcoin-backed bonds.

BREAKING NEWS

The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD).

We anticipate the bond will be issued during the first quarter of 2024.

This is just the beginning for new capital markets on #Bitcoin in El Salvador.

— The Bitcoin Office (@bitcoinofficesv) December 12, 2023

As per the tweet by the National Bitcoin Office (ONBTC), the Volcano Bonds will be offered by the securities platform owned by Bitfinex. The bonds are currently scheduled for issuance in the first quarter of 2024.

The Volcano Bonds were unveiled 21 months ago in 2021, when President Nayib Bukele announced his plans to make Bitcoin a legal tender in the nation. He had envisioned that the proceeds from the Volcano Bonds would help repay foreign debt.

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Likewise, the funds from the sale of Volcano Bonds were intended to be used to finance the construction of Bitcoin City, which, in turn, would harness the geothermal energy from the Conchagua Volcano for large-scale Bitcoin mining farms.

Meanwhile, Bitcoin has continued the uptrend in its pricing, having surpassed the $40,000 resistance last week. BTC is currently priced at $41.9K, with analysts expecting the token to cross the $45,000 threshold by the end of 2023.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

How we reviewed this article

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Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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