Bitfinex Securities El Salvador S.A. de C.V., a trailblazer in securities token platforms, has unveiled its latest project. The firm is initiating a tokenized debt offering to fund the construction of the inaugural hotel at El Salvador International Airport. This initiative marks a milestone as the first project to be orchestrated and traded on Bitfinex Securities El Salvador, underpinning the platform’s status as the first licensed entity under El Salvador’s forward-thinking Digital Asset Securities Law.
The construction venture involves creating a 4,484-square-meter complex spanning five stories. It will boast 80 guest rooms, five retail spaces, and a suite of hotel luxuries, including a swimming pool, multiple dining options, a fitness center, landscaped gardens, and versatile meeting spaces.
Managed by Inversiones Laguardia S.A. de C.V. (HILSV), a company with roots in El Salvador dating back to 2017, the project seeks to amass USD 6.25 million through this issuance. It offers investors a lucrative 10% coupon over five years, with a minimum stake of USD 1,000. Adding to its allure, the hotel operation introduces an enticing investment incentive, rewarding contributors with complimentary hotel stays proportional to their investment levels.
The HILSV token, issued under the same ticker, will facilitate trades against US dollars and Tether tokens on the Liquid Network, a Bitcoin sidechain, using Blockstream AMP technology.
A Leap Forward for El Salvador’s Capital Market
Paolo Ardoino, CTO of Bitfinex Securities, emphasized the significance of the HILSV token as a pioneering digital asset tokenization effort in El Salvador. This development is poised to catalyze the growth of the nascent capital market while introducing an innovative asset class. Arduino highlighted the democratization of investment opportunities, extending access to investors traditionally sidelined from such ventures and providing issuers in undercapitalized markets a novel avenue for fundraising.
Echoing this sentiment, Jesse Knutson, Head of Operations at Bitfinex Securities, lauded the capital raise as a landmark achievement for the company in El Salvador. He underscored the transformative potential of Bitcoin-based capital markets and the project’s contribution towards generating employment and fostering economic advancement within the country.
Roberto Laguardia, president of Inversiones Laguardia, articulated the strategic importance of this venture in leveraging the recently enacted digital asset laws. By facilitating access to previously unreachable capital markets, the initiative is set to bolster vital tourism infrastructure, unlocking expansive growth prospects for the sector and, by extension, delivering economic dividends to the Salvadoran populace.
