January 31st Bitfinex Securities launches in El Salvador, providing new opportunities for digital asset services
San Salvador, El Salvador – January 31, 2024 – Bitfinex Securities El Salvador SA de CV, a leading security token platform, is pleased to announce the official launch of operations in El Salvador. Bitfinex Securities, El Salvador’s first registered and licensed digital asset services provider, is currently accepting customer applications and has already built a strong pipeline of potential issuances expected to hit the market this year.
Following the U.S. Securities and Exchange Commission’s successful approval and launch of Bitcoin-based Exchange Traded Funds earlier this month, Bitfinex anticipates there will be significant demand for other regulated vehicles providing exposure to digital assets.
This launch by Bitfinex Securities El Salvador follows the country’s historic move to adopt Bitcoin as fiat currency in September 2021. This is a visionary step towards a Bitcoin-centric economy. In January 2023, further developments were made with the approval of the Digital Asset Regulatory Framework, paving the way for Bitcoin-based financial markets to become fully operational.
Paolo Ardoino, Chief Technology Officer, Bitfinex Securities “We are pleased to announce the launch of Bitfinex Securities in El Salvador. This is not only an important market for Bitfinex in terms of adoption of Bitcoin as fiat currency and fostering a Bitcoin-based economy, but also an opportunity to attract global investment flows to El Salvador as issuers launch competitively priced securities products. Also provided. ” He added, “We are proud to be at the forefront of this financial revolution, providing a platform for businesses and investors around the world to explore the limitless possibilities of digital assets.”
“The new Digital Asset Securities Act passed last year separated the regulation of digital assets from traditional financial regulators and created the National Commission on Digital Assets, which oversees the supervision and regulation of the ecosystem,” he said. Juan Carlos Reyes, Chairman of the National Digital Assets Committee In El Salvador. “Working with Bitfinex Securities has been a positive experience. Their high regulatory standards and extensive knowledge of compliance are truly world-class,” he added.
“Following El Salvador’s groundbreaking policy work and legislative framework over the past two and a half years, the official launch of Bitfinex Securities El Salvador is another important step in the development of capital markets and an important global proof of concept. “We believe the timing is positive, especially considering the recent surge in institutional investor interest in Bitcoin-centric financial products.” I’m Jesse Knutson, Head of Operations at Bitfinex Securities.
Over the past year, Bitfinex Securities has worked with several global issuers to build a robust pipeline of tokenized financial assets, which will be released in the coming months. Bitfinex expects a significant pipeline of tokenized assets to hit the market in the first half of this year.
The development of a tokenized securities industry in El Salvador represents a real leap forward for financial innovation in Latin America and globally.
Bitfinex Securities also operates Bitfinex Securities AIFC in Kazakhstan, which is subject to separate jurisdiction and regulatory supervision. Customers wishing to access any Bitfinex Securities issuance must be verified by both institutions and can access future issuances of Bitfinex Securities El Salvador through this link (Create a Bitfinex Securities Account Link).
Bitfinex has been a leader in digital token trading since its founding in 2012, providing advanced trading capabilities and financial tools for traders and liquidity providers around the world. Bitfinex Securities Ltd. extends this legacy to provide a regulated and efficient global solution for raising capital through tokenized company shares.
To learn more about Bitfinex and its commitment to financial freedom, visit www.bitfinex.com/manifesto.
Join us for a virtual roundtable live on Bitfinex Securities’ LinkedIn and Twitter on February 2nd at 3:30 PM UTC. Launch of Bitfinex Securities in El Salvador with industry experts such as Stacy Herbert (El Salvador Bitcoin Office), Max Keizer (Bitcoin Senior Advisor to Chairman Bukele), Paolo Ardoino (Bitfinex CTO) and Juan Carlos Reyes (President) We will discuss about: National Commission for Digital Assets of El Salvador) and Jesse Knutson (Head of Operations at Bitfinex Securities). Gain valuable insights into the future of digital assets. Follow us on LinkedIn https://www.linkedin.com/company/bitfinex-securities/?originalSubdomain=kz and Twitter. https://twitter.com/BFXSecurities Check out our live updates and streaming options.
Introduction to Bitfinex Securities
Established in 2021, Bitfinex Securities seeks to apply the technological advantages of the digital asset industry to the global capital market. By facilitating real-time settlements, 24/7 trading, access to global liquidity, and asset self-storage capabilities, Bitfinex Securities enables more efficient, cheaper, and easier interactions between investors and issuers.
Bitfinex Securities Media Contact
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