Bitfinex Securities to Fund El Salvador’s First Airport Hotel

Bitfinex Securities, a leading securities trading platform, has officially launched a tokenized bond offering to fund the construction of a new Hampton by Hilton hotel at El Salvador’s international airport. This groundbreaking project marks Bitfinex Securities’ first initiative in El Salvador since obtaining the first license to operate under El Salvador’s Digital Asset Securities Law.

Project Details and Capital Raising Information

The project features a five-story building with 80 rooms, five commercial spaces, and various amenities like a swimming pool, restaurant, gym, garden, and multipurpose room. The capital raising target is set at $6.25 million, with a competitive interest rate of 10% per annum over a 5-year term. Investors can participate with a minimum investment of $1,000 USD, and the tokens will be traded on the Liquid Network, a Bitcoin sidechain. As an added bonus, investors may receive complimentary hotel stays based on their investment amount.

Insights from Bitfinex Securities and Investment Partners

In a statement, Paolo Ardoino, the CTO of Bitfinex Securities, highlighted the significance of the HILSV project as the first digital asset tokenization endeavor in El Salvador, unlocking new opportunities for investors and businesses. Jesse Knutson, the Director of Operations at Bitfinex Securities, expressed pride in contributing to El Salvador’s progress and job creation through this project. The project is expected to generate approximately 1,000 jobs during construction and 5,000 direct and indirect jobs once operational.

Roberto Laguardia, Chairman of Inversiones Laguardia, emphasized the importance of the new digital asset law in accessing previously untapped capital markets, fostering tourism development, and delivering economic benefits to the people of El Salvador.

Future Plans and Verification Process

Following the successful token bond issuance for its AIFC Alternative in Kazakhstan, Bitfinex Securities is set to launch more tokenized assets in the coming months. The capital raising phase for the HILSV project will commence on May 13, 2024, and is scheduled to run for one month. To participate in all Bitfinex Securities issuances, customers must complete identity verification with both units in Kazakhstan and El Salvador.

About Bitfinex Securities

Established in 2021, Bitfinex Securities is a market leader in digital asset token trading, offering advanced financial solutions for investors and liquidity providers globally. Bitfinex Securities Ltd. continues to innovate, providing an efficient and regulated avenue for capital raising through tokenized securities.

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