Bitcoin

Bitfinex Securities launches El Salvador’s inaugural tokenized debt offering for Hilton Hotel development

Bitfinex Securities, the premier licensed provider of digital assets in El Salvador, is embarking on its first tokenized asset raise on the Bitcoin layer 2 Liquid Network to finance the development of a new Hilton hotel complex at El Salvador International Airport.

Utilizing the Liquid Network, a Bitcoin sidechain that enables faster and more scalable transactions, Bitfinex Securities is launching a tokenized debt offering known as HILSV. This offering, traded in correlation to the US dollar and tether (USDT), provides investors with the opportunity to contribute to the fundraising for the hotel project.

Funds raised through the tokenized debt issuance will be used to construct a Hampton by Hilton hotel complex at El Salvador International Airport. The proposed complex will feature restaurants, shops, a swimming pool, and 80 rooms spread across 4,484 square meters on five floors. Hilton Hotels is involved as the franchisor for the project.

This groundbreaking initiative signifies a significant milestone in the advancement of El Salvador’s capital market. By introducing tokenization and blockchain technology, Bitfinex Securities and Inversiones Laguardia are introducing a new asset class to the market, thereby offering issuers in underserved regions a new avenue for funding while allowing a broader range of investors to participate in such assets.

The development of the Hilton hotel complex is poised to create substantial economic opportunities in El Salvador. It is projected to generate up to 5,000 direct and indirect jobs once operational, with an additional 1,000 jobs expected to be created during the construction phase. This development will not only boost the tourism industry but also strengthen the Salvadoran economy as a whole.

Image source: Shutterstock



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