JAN3 releases OMEGA60 Bitcoin valuation model used in El Salvador's Bitcoin Bond program design.
Macro & Markets ·
JAN3 has released the OMEGA60 Bitcoin valuation model, which the firm says was employed in designing El Salvador's Bitcoin Bond program. The model represents a quantitative framework intended to inform sovereign debt issuance tied to Bitcoin holdings and valuations.
El Salvador has positioned itself as a testbed for integrating Bitcoin into state finance, having adopted BTC as legal tender in 2021 and building a strategic reserve that has grown substantially. The country's approach to Bitcoin integration has shifted over time in response to market conditions and external pressures, including a 2025 IMF-backed agreement that made business Bitcoin acceptance voluntary rather than mandatory.
The specific mechanics of how OMEGA60 influenced the bond program's design—including pricing models, collateralization methodology, or maturity structures—remain unclear from available information. The extent to which the model will be made publicly available or adopted by other sovereign issuers has not been disclosed.