Bitfinex Securities Finances El Salvador’s First Airport Hotel
Bitfinex Securities, a leading securities trading platform, has officially launched a tokenized bond offering to finance the construction of a new Hampton by Hilton hotel at El Salvador International Airport. This is the first project launched by Bitfinex Securities El Salvador after becoming the first entity licensed to operate under El Salvador’s Digital Asset Securities Act.
Project details and capital raising information
This project is a 5-story building with a total area of 4,484㎡ and includes convenience facilities such as 80 guest rooms, 5 commercial spaces, a swimming pool, a restaurant, a gym, a garden, and a multi-purpose room. The capital raising target is $6.25 million, with an interest rate of 10% per annum for five years. The minimum investment amount is $1,000 USD and the token code is HILSV. Tokens are traded on Liquid Network, a Bitcoin sidechain. Depending on the investment amount, special incentives such as free hotel stays are also provided to investors.
Remarks from Bitfinex Securities and Investment Partners
Paolo Ardoino, CTO of Bitfinex Securities, said the HILSV project is the first digital asset tokenization project in El Salvador, opening up new opportunities for investors and businesses. Jesse Knutson, Director of Operations at Bitfinex Securities, expressed pride in contributing to the development of El Salvador through this project and creating numerous jobs. The project is expected to create approximately 1,000 jobs during construction and 5,000 jobs directly and indirectly once operational.
Roberto Laguardia, President of Inversiones Laguardia, believes that the new digital asset law will provide access to previously inaccessible capital markets, which will foster tourism development and provide economic benefits to the people of El Salvador.
Future planning and verification process
The HILSV project follows Bitfinex Securities’ successful issuance of $5.2 million token bond for AIFC Alternative in Kazakhstan. Bitfinex expects more tokenized assets to launch in the first half of this year. The paid-in capital increase period is scheduled to start on May 13, 2024 and last for one month. Customers wishing to participate in any Bitfinex Securities issuance are required to verify their identity in both Kazakhstan and El Salvador.
Introduction to Bitfinex Securities
Founded in 2021, Bitfinex Securities is a leader in digital asset token trading, providing advanced financial solutions to investors and liquidity providers around the world. Bitfinex Securities Ltd. continues this tradition by providing efficient and regulated solutions for raising capital through tokenized securities.
Image source: Shutterstock
. . .
tag