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Assets · Structured note · issued by Blockstream

Blockstream Mining Note 2 (BMN2) (BMN2)New

Tokenised four-year mining note on the Liquid Network, issued under Luxembourg's Securitisation Law by ORO Fund (I) - BM2, a compartment of a Luxembourg securitisation fund sponsored by Blockstream, and distributed on STOKR. Each note entitles the holder to the bitcoin produced by 1 PH/s of Blockstream Mining's hashrate from 5 September 2024 to maturity on 4 September 2028. The successor to the first Blockstream Mining Note (redeemed in 2024). Sold in 22 series (about $1.56bn aggregate issuance amount); about 15,667 notes circulate after a partial redemption in March 2026. Also listed on Bitfinex Securities' El Salvador venue since September 2025.

Asset sources[1][2][3][4][5] · ISIN LU2954899014

~$902.81mSupply, 26 Oct 2026
1Networks
Blockstream BMN2Issued by
2Also used by
Issued
5 Sep 2024
Matures
4 Sep 2028

Issued through Blockstream Mining Note 2 (BMN2) on STOKR Live (limited)

Classification · low confidence

Legal form
Structured note from issuance terms
Underlying
Other
Value behaviour
Market price · no income
Ledger role
Native
Legal labels
Notes issued by a securitisation compartment under the Securitisation Law of 22 March 2004 (Luxembourg)[4]

Underlying other: bitcoin mining output (hashrate of 1 PH/s per note over 48 months). Reclassified on 2026-10-27 from other-claim, which rested on Bitfinex blog posts calling it a hashrate contract; STOKR and RWA.xyz show a Luxembourg securitisation note. yieldBearing false: STOKR says redemption is at maturity in the bitcoin mined, with no interim distributions stated (RWA.xyz also says not yield-bearing). Ledger role native kept: no source says another register prevails.

Sourced[4]. How assets are classified: methodology.

Contracts

No contract addresses recorded yet.

Trades BMN2

Takes as collateral BMN2

Sources

  1. [1]Bitfinex Securities Four Year Anniversary: Main Milestones — Bitfinex, 3 Oct 2025. Accessed 17 Oct 2026.B
  2. [2]Bitfinex Securities 2025 Year in Review: Expanding Access to Global Capital Markets — Bitfinex, 24 Dec 2025. Accessed 17 Oct 2026.B
  3. [3]Bitfinex Securities Approaches $250 Million Tokenised Securities Milestone and Sets Out Plans to Attain Full Astana International Finance Centre Licence — Bitfinex, 8 Sep 2025. Accessed 17 Oct 2026.B
  4. [4]Mining Note BMN2 | STOKR — STOKR. Accessed 27 Oct 2026. Platform product page: instrument type structured note; issuer ORO Fund (I) - BM2; governing law Luxembourg Securitisation Law of 22 March 2004; first issue 5 Sep 2024; maturity 4 Sep 2028; underlying a hashrate contract of 1 PH/s per note; redemption at maturity in bitcoin mined..B
  5. [5]Blockstream Mining Note 2 asset page — RWA.xyz. Accessed 27 Oct 2026. ISIN LU2954899014; legal structure: compartment of a Luxembourg securitisation fund; 48-month term to 4 Sep 2028..A
  6. [6]PKH Mining Note 2 asset page — RWA.xyz. Accessed 27 Oct 2026. Supply 576,892,856 (data updated 27 Oct 2026), three holding addresses; describes a fixed-income note over-collateralised by BMN2 with an on-chain pledge; issuer Peak Hodl Sàrl (Luxembourg); administrator Baker Tilly Luxembourg Corporate Services; paying agent STOKR..A

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