Digital asset platform Bitfinex Securities said it will refund those who invested in the Hilton hotel venture at El Salvador's international airport after it failed to attract the minimum $500,000 in financing required to continue. This project marked the first public offering of digital debt assets in El Salvador, but only $342,000 was raised from investors before the initial deadline.

“According to the Fact Sheet, Bitfinex will refund all investors,” a Bitfinex spokesperson said. However, Bitfinex will not take action immediately. “We expect Emmitent to restructure the offer,” the spokesman said. However, the emitent Inversiones Laguardia S.A. de C.V. has not yet approved its next course of action. For now, Bitfinex has removed the IPO from its website.

To own a share in the Hilton hotel, investors were required to invest a minimum of $1,000 to purchase the "HILSV" token on the Bitcoin layer 2 Liquid Network. In return, crowdfunders would receive a 10% voucher over a 5-year period.

El Salvador, a country known for its Bitcoin investment and adoption strategy, expanded into real-world asset tokenization by issuing a digital asset service provider license to Bitfinex in April 2023.

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