Bitfinex Securities Launches Tokenized Debt Issue for El Salvador Hotel Project
Bitfinex Securities, a prominent tokenized securities platform, has made headlines with the launch of a groundbreaking tokenized debt issue. The purpose of this issuance is to raise funds for the construction of a Hampton by Hilton hotel complex at El Salvador International Airport.
This initiative, represented by the HILSV token, marks the first tokenized debt issue in El Salvador and aims to raise $6.25 million. The project not only highlights Bitfinex Securities’ commitment to innovation but also underscores El Salvador’s dedication to boosting its tourism industry and overall economic development.
The HILSV token will be available on the Liquid Network, a Bitcoin sidechain, and can be traded against US dollars and Tether’s USDT stablecoin. Investors can expect a 10% annual coupon over a five-year term, with a minimum stake of $1,000 per investor.
The funds raised from this tokenized debt issue will support the construction of a 4,484-square-meter hotel facility, creating job opportunities for approximately 1,000 individuals during the construction phase and an additional 5,000 once operational.
Roberto Laguardia, President of Inversiones Laguardia, expressed optimism about the project’s potential impact on local economic growth, citing the recently implemented digital asset laws as a catalyst for accessing previously unavailable capital markets.
This venture not only showcases El Salvador’s forward-thinking approach to financing major infrastructure projects but also highlights the increasing integration of digital assets in mainstream financial markets. Bitfinex Securities continues to make waves in the industry, with recent developments including the introduction of perpetual futures tracking price changes in Bitcoin and Ethereum.
Overall, this tokenized debt issue represents a significant step forward for El Salvador’s capital market development and sets a precedent for future innovative financing solutions in the region.
