Bitfinex Securities Announces New Capital Raising for First Hotel at El Salvador International Airport

April 11th Bitfinex Securities Announces New Capital Raising for First Hotel at El Salvador International Airport

San Salvador, El Salvador – April 11, 2024 – Bitfinex Securities El Salvador SA de CV, a leading security token platform, is pleased to announce the official launch of a tokenized debt issuance to build and develop the new Hampton by Hilton hotel complex* based at El Salvador International Airport. do.

The issuance will be arranged and traded for the first time by Bitfinex Securities El Salvador SA de CV, which has become the first regulated entity licensed to operate under El Salvador's Digital Asset Securities Act.

The construction project entails the development of a 4,484 square meter facility over five floors featuring 80 guest rooms, five commercial spaces and other hotel amenities including a swimming pool, restaurant, gym, garden and function rooms.

This tokenized debt is issued by Inversiones Laguardia SA de CV (HILSV), which has been operating in El Salvador since 2017. The issuance target is $6.25 million, with a 10% coupon over a five-year period. The minimum investment amount is USD 1,000, and the hotel operator is uniquely offering free hotel stay investment incentives depending on the investment size.

The token will be issued under the HILSV ticker and traded against the US dollar and Tether tokens. HILSV tokens are issued on Liquid Network, a sidechain of Bitcoin, using Blockstream AMP.

“The HILSV token represents the first digital asset tokenization in El Salvador and represents a significant step forward in developing nascent capital markets and introducing a major new asset class to the market,” he said. Paolo Ardoino, CTO of Bitfinex Securities. “For the first time, investors who would not normally have the opportunity to invest in such assets are given the opportunity to do so, while issuers in markets with less access to capital can leverage a new asset class to raise capital. ”

Jesse Knutson, Head of Operations at Bitfinex Securities, said:, “This capital raising is not only our first venture in El Salvador, but also a testament to the transformative power of Bitcoin-based capital markets. We are proud to contribute to El Salvador’s growth and look forward to creating significant employment opportunities through these efforts.”

“The recently implemented Digital Assets Act will allow us access to capital markets that were previously unavailable to us. This access will allow us to develop critical tourism-related infrastructure, which will enable us to realize the growth potential of the tourism sector. “This expansion will ultimately bring economic benefits to all Salvadoran citizens.” said Roberto Laguardia, President of Inversiones Laguardia.

The scheme is expected to create around 1,000 jobs during the construction phase and up to 5,000 direct and indirect jobs during the operational phase. The paid-in capital increase will begin on May 13, 2024 and will last for one month.

For more information, please visit Bitfinex Securities.

The HILSV issuance follows Alternative's recent successful fundraising of $5.2 million tokenized bond offering at Bitfinex Securities AIFC in Kazakhstan. Bitfinex expects a significant pipeline of tokenized assets to hit the market in the first half of this year.

Customers wishing to access any Bitfinex Securities issuance must obtain verification from both Kazakhstan and El Salvador entities. Customers wishing to set up an account with Bitfinex Securities El Salvador can do so here (link to create a Bitfinex Securities account).

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 tradition by providing a regulated and efficient global solution for raising capital through tokenized securities.
Ditobanx is responsible for tokenizing and structuring transactions and ensuring that those transactions are issued on the Liquid blockchain.

*Hilton has not approved any proposals and is only a franchisee and is not responsible for any representations made in connection with franchisee operations.

To learn more about Bitfinex and its commitment to financial freedom, visit www.bitfinex.com/manifesto.

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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