Revolutionizing Investment in El Salvador: Bitfinex Securities’ Tokenized Bond Offering
Bitfinex Securities, a prominent securities trading platform, has introduced a new tokenized bond offering to support the development of El Salvador’s first airport hotel. This initiative marks a significant milestone for Bitfinex Securities in El Salvador, operating under the country’s Digital Asset Securities Law.
Overview of the Project and Fundraising Details
The project entails the construction of a five-story Hampton by Hilton hotel at El Salvador’s international airport, covering 4,484 square meters with 80 rooms, commercial spaces, and various amenities like a swimming pool, restaurant, gym, garden, and multipurpose room. The fundraising target is set at $6.25 million, with a 10% annual interest rate over a 5-year term. Investors can get involved with a minimum of $1,000 USD, using the token code HILSV, which will be tradable on the Liquid Network, a Bitcoin sidechain. Exclusive incentives include complimentary hotel stays based on investment amounts.
Insights from Bitfinex Securities and Partners in the Project
Paolo Ardoino, the CTO of Bitfinex Securities, views the HILSV project as a pioneering digital asset tokenization initiative in El Salvador, introducing fresh avenues for investors and enterprises. Jesse Knutson, the Director of Operations at Bitfinex Securities, takes pride in contributing to El Salvador’s progress and job creation through this venture. The project is poised to generate around 1,000 jobs during the construction phase and create 5,000 direct and indirect employment opportunities once operational.
- Roberto Laguardia, Chairman of Inversiones Laguardia, asserts that the new digital asset legislation will enable greater access to capital markets, promoting tourism growth and economic prosperity for the people of El Salvador.
Future Strategies and Validation Procedures
Building on the success of a $5.2 million token bond issuance for the AIFC Alternative in Kazakhstan, Bitfinex Securities looks forward to introducing more tokenized assets within the first half of the year. The capital raising phase commences on May 13, 2024, and is slated to run for a month. Investors seeking engagement in all Bitfinex Securities offerings must undergo identity verification with departments in both Kazakhstan and El Salvador.
About Bitfinex Securities
Launched in 2021, Bitfinex Securities stands out as a leading player in digital asset token trading, delivering sophisticated financial solutions to investors and liquidity providers around the globe. Building on this legacy, Bitfinex Securities Ltd. now offers a regulated, efficient avenue for capital raising through tokenized securities.
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