Bitfinex Securities presents a $6.25 million tokenized debt issuance for the El Salvador airport hotel complex
Tokenized securities platform Bitfinex Securities El Salvador SA de CV is launching a tokenized debt issuance to develop a 4,484-square-meter Hampton by Hilton hotel complex at the El Salvador International Airport.
In January, Bitfinex Securities became the first regulated entity to receive a license to operate in El Salvador under the country's new Digital Asset Securities Law, anticipating high demand for such regulated investment vehicles following the successful launch of the funds. traded on US spot bitcoin exchange
At the time, the tokenized security token platform said it was accepting client applications and had established a pipeline of potential financial asset issuances that were expected to hit the market in the first half of this year.
This tokenized debt, issued by Salvadoran firm Inversiones Laguardia SA de CV, will now become the first to be traded on the platform. The token will be issued on the Liquid Network, a Bitcoin sidechain, under the symbol HILSV, and will trade against US dollars and Tether's USDT stablecoin.
"The HILSV token marks El Salvador's first digital asset tokenization and represents an important step forward in the development of its nascent capital market, as well as the introduction of an important new asset class to the market," said the CTO of Bitfinex Securities, Paolo Ardoinio, in a statement.
"For the first time, investors who typically do not have the opportunity to invest in these types of assets have the opportunity to do so, while issuers in markets that have less access to capital can leverage a new asset class for financing." Ardoinius added.
