Tokenized Financing for Airport Hotels

adminApril 12, 2024

join us telegram A channel to stay up to date on breaking news coverage

In an innovative move, Bitfinex Securities El Salvador SA de CV is leading a tokenized debt issuance designed to finance the construction of a Hampton by Hilton hotel complex located at El Salvador International Airport. Covering an area of 4,484 square meters, the ambitious project aims to leverage an investment of $6.25 million through this new financing method.

Innovative Finance: El Salvador’s Airport Hotel to Be Built with Tokenized Debt

The venture follows Bitfinex Securities, which received a pioneering license to operate under El Salvador’s new digital asset securities law in January. The law was enacted to regulate investments in digital assets, a move that follows the successful debut of a U.S. spot Bitcoin exchange-traded fund, suggesting a growing appetite for regulated digital asset investments. . Bitfinex Securities has signaled its readiness to enter this emerging market, with plans for a number of financial asset issuances scheduled for early this year.

Funding through this tokenized debt will begin on May 13th, and the tokens will be tradable on Liquid Network, a Bitcoin sidechain. The token, under the symbol HILSV, can be traded against the US dollar and Tether’s USDT stablecoin, marking a significant milestone as it is El Salvador’s first foray into digital asset tokenization.

Paolo Ardoinio, Chief Technology Officer at Bitfinex Securities, emphasized the importance of these tokenization efforts. This not only promotes the development of El Salvador’s capital markets, but also introduces important new investment types to the market. This move is particularly beneficial to investors who were previously excluded from such opportunities and issuers in undercapitalized markets, providing them with a new way to secure funding.

Offering a 10% annual coupon over five years makes the investment proposition clear. Investors can expect a 10% annual return on their investment until the end of the period, after which the principal is repaid. The project is not just a financial venture, but a significant economic stimulus for El Salvador, promising to create 1,000 jobs during the construction phase and potentially 5,000 jobs associated with hotel operations.

Bitfinex Securities Facilitates El Salvador’s First Tokenized Asset Raising. $6.25 million in tokenized digital assets for a new hotel at El Salvador International Airport.
Explore investment opportunities with HILSV tokens at Bitfinex Securities.
Learn more: https://t.co/UP3G2VbMS1 pic.twitter.com/yg4ERS9To5
— Bitfinex Securities (@BFXSecurities) April 11, 2024

El Salvador’s leap into digital finance: a tokenized approach to infrastructure development

Roberto Laguardia, President of Inversiones Laguardia SA de CV, the company behind the project, highlighted the transformative impact of El Salvador’s digital asset law. These regulations open the way for new capital markets, enabling the development of significant tourism infrastructure and potentially significant growth in the sector.

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 tokenized debt issuance follows Alternative’s successful offering of tokenized bonds through Kazakhstan’s Bitfinex Securities AIFC, which raised over $5.2 million in USDT. To access Bitfinex Securities’ products, clients must be verified by entities in Kazakhstan and El Salvador to ensure compliance and security of this innovative financial venture.

El Salvador is making big waves in the financial world, especially by adopting Bitcoin as fiat currency in 2021 and launching the ‘El Salvador Free Visa Adoption’ program with stablecoin issuer Tether. The program allows investors to apply for a Freedom Visa by investing $1 million in Bitcoin or USDT, further solidifying the country’s commitment to integrating digital currencies into its economic landscape.

Unlocking the Potential of the Dogeverse: The Chain-Hopping Meme Coin Revolution

In the dynamic world of cryptocurrency, Dogeverse has emerged as an attractive new competitor that differentiates itself through its unique chain hopping capabilities. This innovative meme coin, represented by Cosmo the Shiba Inu, is not just another coin added to the cryptocurrency zoo. Existing on six different blockchain networks, including Ethereum, BNB Chain, Polygon, Base, Solana, and Avalanche, Dogeverse offers an unparalleled level of interoperability and accessibility.

Dogeverse’s journey from a simple meme coin to a potential powerhouse in the cryptocurrency space is driven by its multi-chain capabilities. This approach not only broadens appeal across a variety of user preferences, but also serves as a unifying force in an often fragmented blockchain ecosystem. Whether users are drawn to Solana’s low transaction costs, Ethereum’s solid reputation, or curiosity about a new native chain, Dogeverse is ready to welcome them with open arms.

One of the most attractive aspects of Dogeverse is its ability to foster community among diverse blockchain users. By leveraging cross-chain bridges such as Wormhole and PortalBridge, we aim to alleviate the competition that sometimes arises between different blockchain communities. This, combined with the fascinating lore surrounding Cosmo, has the potential to elevate the Dogeverse beyond the performance of previous meme coins like Dogecoin.

At the heart of Dogeverse’s appeal is Cosmo’s legendary adventures and the living lore that invites users of each blockchain to contribute their own stories to the mythology. This will not only enrich the story behind the project, but also enhance its appeal and appeal, setting the stage for Dogeverse to become a mythical figure in the cryptocurrency world.

Dogeverse’s pre-sale will consist of 10 stages, with the token price gradually increasing from $0.0000290 in the initial stage to $0.000299 in the final stage. With a total supply of 200 billion tokens, 30 billion will be allocated for pre-sale, with a soft cap of $8.83 million and a hard cap of $170.02 million. Amazingly, Dogeverse has already generated over $300,000 in revenue on the first day of pre-sale, indicating strong enthusiasm in the market.

For those interested in the promise of Dogeverse and its new approach to blockchain interoperability, you can participate in the presale at thedogeverse.com. The project not only promises immediate benefits through versatile usability across multiple chains, but also holds potential for long-term growth as it works to bridge gaps within the blockchain community.

Visit to Doji Bus