Bitfinex launches tokenized debt issuance for hotels in El Salvador
Key Takeaways
- Bitfinex Securities has launched a tokenized debt issuance to finance a hotel complex at El Salvador’s international airport.
- The HILSV token, which represents the first tokenized debt issuance in El Salvador, aims to raise $6.25 million.
- This project highlights El Salvador’s commitment to promoting tourism and economic development.
Announced by Bitfinex Securities, a leading tokenized securities platform. that much Launch of new tokenized debt issuance to finance construction of Hampton by Hilton hotel complex At El Salvador International Airport.
Earlier this year, Bitfinex Securities becomes the first regulator in El Salvador. activate In accordance with the newly enacted Digital Asset Securities Act
Did you know?
Do you want to become smarter and richer with cryptocurrency?
Subscribe – We post new cryptocurrency explainer videos every week!
The platform was previously hinted at the lineup Potential issuance of financial assets is scheduled for the first half of the year. Keeping its promise, Bitfinex Securities In collaboration with local company Inversiones Laguardia SA de CV We are currently pioneering the country’s first tokenized debt issuance.
tokenized debt, It is represented by the HILSV token and can be used on the Liquid Network.—Bitcoin sidechain—can be traded against the US dollar and Tether’s USDT stablecoin.
Paolo Ardoinio, CTO of Bitfinex Securities, emphasized the revolutionary nature of this issuance:
The HILSV token represents the first digital asset tokenization in El Salvador and represents a significant step forward in developing nascent capital markets and introducing a major new asset class to the market.
offering Raising goal of $6.25 million We offer investors a 10% annual coupon for 5 years. The capital raising will begin on May 13, with a minimum stake of $1,000 per investor.
Funds raised will support: A 4,484 square meter hotel facility will be constructed. This project is expected to: It will create approximately 1,000 jobs during the construction phase and a further 5,000 jobs once operational.
Roberto Laguardia, President of Inversiones Laguardia, shared his optimism about the venture’s impact on local economic growth.
The recently implemented Digital Assets Act will allow us access to capital markets that were previously unavailable to us. This access will allow us to develop important tourism-related infrastructure, which will enable us to realize the growth potential of the tourism sector. This expansion will ultimately bring economic benefits to all Salvadoran citizens.
This tokenized debt issue not only demonstrates El Salvador’s innovative approach to financing major infrastructure projects, but also highlights the growing integration of digital assets in mainstream financial markets.
Recently, Bitfinex made headlines by introducing perpetual futures that track the price movements of Bitcoin and Ethereum.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst with an interest in data-driven and fact-based content, as well as content targeting both Web3 native users and industry newcomers.
Aaron is the go-to guy for all things digital currency-related. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
