Bitfinex Securities, a digital asset platform, has announced plans to refund investors in its unsuccessful Hilton hotel project at El Salvador's airport. The project, El Salvador's first public offering of digital debt assets, fell short of its $500,000 funding goal, only raising $342,000. Bitfinex confirmed that all investors will be refunded, but the issuer, Inversiones Laguardia S.A. de C.V., has not revealed its next steps. The funds were meant for a Hampton by Hilton hotel with various amenities. Investors were required to purchase 'HILSV' tokens on the Liquid Network with a minimum investment of $1,000. This initiative was part of El Salvador's move into real-world asset tokenization following its Bitcoin adoption strategy. The failed venture highlights the challenges and opportunities in merging traditional assets with cryptocurrency investments. Read more AI-generated news on: https://app.chaingpt.org/news
Bitfinex Securities to Refund Investors in Failed Hilton Hotel Venture
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