Bitfinex Securities, the tokenized securities platform, is making waves once again with its latest endeavor in El Salvador. The company, which became the first regulated entity to operate in the country under the new Digital Asset Securities Law, is set to launch a tokenized debt issue in collaboration with El Salvador firm Inversiones Laguardia S.A. de C.V.
This groundbreaking initiative aims to raise funds for the development of a 4,484-square-meter Hampton by Hilton hotel complex at El Salvador International Airport. The tokenized debt, issued on the Liquid Network under the ticker HILSV, will offer investors the opportunity to participate in the project’s financing while trading against U.S. dollars and Tether’s USDT stablecoin.
Paolo Ardoinio, the CTO of Bitfinex Securities, highlighted the significance of this milestone, emphasizing its role in advancing El Salvador’s capital market and introducing a new asset class to investors. With the issuance targeting a raise of $6.25 million and offering a 10% coupon over a five-year term, investors stand to benefit from attractive returns while supporting economic development in the region.
Moreover, this initiative is expected to create significant employment opportunities, with plans to generate 1,000 jobs during the construction phase and up to 5,000 jobs related to the complex’s operation. Roberto Laguardia, President of Inversiones Laguardia, underscored the importance of access to capital markets enabled by El Salvador’s digital asset laws, emphasizing its role in driving growth in the tourism sector.
Bitfinex Forges Ahead: From Kazakhstan Bonds to El Salvador
This venture follows Bitfinex Securities’ successful tokenized bond offering in Kazakhstan, which raised over $5.2 million in USDT. The platform’s expansion into El Salvador signifies its commitment to facilitating access to diverse investment opportunities across different regions.
El Salvador’s forward-thinking approach to embracing digital assets, including Bitcoin’s legal tender status and initiatives like the “Adopting El Salvador Freedom Visa” program, further underscores the country’s position as a leader in the crypto space. By leveraging innovative financial instruments like tokenized securities, El Salvador is poised to unlock new avenues for economic growth and prosperity.
As Bitfinex Securities continues to spearhead the tokenization revolution, investors can look forward to more opportunities to participate in transformative projects while contributing to global financial inclusion and development.