Bitfinex Securities El Salvador is launching a tokenized debt to build a 4,484-square-foot Hampton by Hilton hotel complex at El Salvador International Airport.
To fund the project, Bitfinex is introducing the HILSV token, which will be tradable for US dollars and tether (USDT) on the Liquid Network, a bitcoin sidechain.
This follows their January licensing as the first regulated entity under El Salvador’s Digital Asset Securities Law, aiming to meet the high demand for regulated investment options post the U.S. bitcoin ETF launch.
Paolo Ardoino, CTO of Bitfinex Securities, said, “The HILSV token marks the first digital asset tokenisation from El Salvador and represents an important step forward in developing its nascent capital market as well as introducing a major new asset class into the market.”
The platform, now accepting customer applications, is set to trade the tokenized debt from Inversiones Laguardia S.A. de C.V. on the Liquid Network.
Bitfinex Securities CTO Paolo Ardoinio highlighted the significance of this move, enabling broader investment opportunities and facilitating capital access for markets with limited options.
The offering seeks to raise $6.25 million, offering a 10% coupon over a five-year term. Commencing on May 13, with a minimum investment of $1,000, it aims to create 1,000 jobs during construction and up to 5,000 jobs related to the complex’s operation.
Inversiones Laguardia President Roberto Laguardia emphasized the impact of digital asset laws in unlocking capital markets, particularly in developing crucial tourism infrastructure.
This initiative follows a successful tokenized bond offering in Kazakhstan, highlighting Bitfinex Securities’ expanding presence in the digital asset market. Customers can access all issuances by verifying with both Kazakh and Salvadoran entities.
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