According to TechFlow, digital asset platform Bitfinex Securities announced that it will refund investors’ investments in the Hilton Hotel project at the El Salvador International Airport.
The project failed to reach the minimum financing of $500,000 required to continue, raising only $342,000. A Bitfinex spokesperson confirmed that all investor funds will be refunded according to relevant information documents, but the issuer is expected to restructure the project.
The issuer, Inversiones Laguardia S.A. de C.V., has not yet confirmed its next move. Bitfinex has removed the public offering information from its website. The project plans to build an 80-room Hilton hotel, and investors are required to invest at least $1,000 in "HILSV" tokens, expecting to receive a 10% coupon for 5 years. El Salvador has actively expanded into the field of physical asset tokenization since it granted Bitfinex a digital asset service provider license in April 2023.
