Bitfinex Securities El Salvador has initiated a tokenized debt offering for the construction of a 4,484-square-foot Hampton by Hilton hotel facility at El Salvador International Airport.
- Paolo Ardoino, CTO of Bitfinex, highlighted that the HILSV token represents El Salvador’s first digital asset tokenization, marking a significant step in developing the country’s nascent capital market and introducing a new major asset class. Bitfinex Securities CTO Paolo Ardoino emphasized the importance of this move, expanding investment opportunities and enhancing capital access in markets with limited options.
- This initiative follows Bitfinex Securities’ January licensing as the first regulated organization under El Salvador’s Digital Asset Securities Law, responding to increased demand for regulated investment options after the launch of the United States’ bitcoin ETF.
- The platform is currently accepting customer applications and plans to trade the tokenized debt from Inversiones Laguardia S.A. de C.V. on the Liquid Network as HILSV, trading against USD and USDT stablecoins.
- Roberto Laguardia, President of Inversiones Laguardia, highlighted the role of digital asset laws in facilitating capital markets, particularly in critical tourism infrastructure development.
- This initiative follows a successful tokenized bond issuance in Kazakhstan, demonstrating Bitfinex Securities’ expanding presence in the digital asset sector. Customers can access all issuances after verification with both Kazakh and Salvadoran entities.
The token sale aims to raise $6.25 million by offering a 10% coupon over a five-year period, with construction of the hotel facility expected to create 1,000 jobs and up to 5,000 related jobs upon operation, commencing on May 13 with a minimum $1,000 investment requirement.
