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 is the first project Bitfinex Securities El Salvador has initiated since becoming the first entity licensed to operate under El Salvador’s Digital Asset Securities Law.
Project Details and Capital Raising Information
The project consists of a five-story building with a total area of 4,484 square meters, including 80 rooms, five commercial spaces, and amenities such as a swimming pool, restaurant, gym, garden, and multipurpose room. The capital raising goal is $6.25 million, with an interest rate of 10% per annum for a term of 5 years. The minimum investment amount is $1,000 USD, and the token code is HILSV. The tokens will be traded on the Liquid Network, a Bitcoin sidechain. Special incentives are also offered to investors, including complimentary hotel stays depending on the investment amount.
Remarks from Bitfinex Securities and Investment Partners
Paolo Ardoino, CTO of Bitfinex Securities, stated that the HILSV project is the first digital asset tokenization project in El Salvador, opening new opportunities for investors and businesses. Jesse Knutson, Director of Operations at Bitfinex Securities, expressed pride in contributing to El Salvador’s development and creating numerous jobs through this project. The project is expected to create approximately 1,000 jobs during construction and 5,000 direct and indirect jobs once operational.
Roberto Laguardia, Chairman of Inversiones Laguardia, believes that the new digital asset law will allow them to access previously inaccessible capital markets, thus promoting tourism development and providing economic benefits for the people of El Salvador.
Future Plans and Verification Process
The HILSV project follows Bitfinex Securities’ successful $5.2 million token bond issuance for its AIFC Alternative in Kazakhstan. Bitfinex anticipates the launch of more tokenized assets in the first half of this year. The capital raising period will start on May 13, 2024, and is expected to last for one month. Customers wishing to participate in all Bitfinex Securities issuances must verify their identity with both units in Kazakhstan and El Salvador.
About Bitfinex Securities
Established in 2021, Bitfinex Securities is a leader in digital asset token trading, providing advanced financial solutions for investors and liquidity providers worldwide. Bitfinex Securities Ltd. continues this legacy, offering an efficient, regulated solution for capital raising through tokenized securities.
Image source: Shutterstock
. . .
Tags
blockchain.news
