Bitfinex Securities, the first licensed digital asset provider in El Salvador, is launching its inaugural tokenized asset raise on the Bitcoin layer 2 Liquid Network to fund a new Hilton hotel complex at El Salvador International Airport.
The first licensed supplier of digital assets in El Salvador, Bitfinex Securities, is leading the nation’s first tokenized asset raising using the layer 2 Liquid Network of Bitcoin. Bitfinex Securities plans to utilize a tokenized debt offering in collaboration with Inversiones Laguardia S.A. de C.V. to finance the construction of a new Hilton hotel complex at El Salvador International Airport.
Liquid Network’s Tokenized Debt Offering
On the Liquid Network, a bitcoin sidechain that enables faster and more scalable transactions, the tokenized debt offering, known as HILSV, will be launched. HILSV will be traded relative to the US dollar and tether (USDT), providing investors with an opportunity to participate in the fundraising for the hotel project.
El Salvador International Airport’s Hilton Hotel Complex
The funds raised through the tokenized debt issuance will support the construction of a Hampton by Hilton hotel complex at El Salvador International Airport. The proposed building will feature restaurants, shops, a swimming pool, and 80 rooms spread across 4,484 square meters on five floors. Hilton Hotels will be involved as a franchisor, although it is not directly affiliated with the project.
Benefits for El Salvador’s Capital Market Development
This innovative initiative represents a significant milestone in the advancement of El Salvador’s capital market. By leveraging tokenization and blockchain technology, Bitfinex Securities and Inversiones Laguardia are introducing a new asset class to the market. In addition to providing issuers in underserved areas with a new funding source, the tokenized debt offering allows for participation from investors who may not typically have access to such assets.
Job Creation and Economic Opportunities
The development of the Hilton hotel complex is expected to bring significant economic opportunities to El Salvador. Once operational, the hotel complex is projected to create up to 5,000 direct and indirect jobs, with an additional 1,000 jobs anticipated during the construction phase. This growth is poised to expand the tourism industry and bolster the Salvadoran economy as a whole.
Image source: Shutterstock
