Bitfinex Securities, El Salvador’s first licensed digital asset provider, has launched its first tokenized asset raise on the Bitcoin Layer 2 Liquid Network to finance a new Hilton hotel complex at El Salvador’s international airport.
El Salvador’s first licensed digital asset provider, Bitfinex Securities, is spearheading the nation’s first tokenized asset raise using Bitcoin’s Layer 2 Liquid Network. Bitfinex Securities intends to use a tokenized debt offering in partnership with Inversiones Laguardia SA de CV to finance the construction of a new Hilton hotel complex at El Salvador International Airport.
Liquid Network’s Tokenized Debt Offering
The Tokenized Debt Offering, or HILSV, will be launched on the Liquid Network, a Bitcoin sidechain that facilitates faster and more scalable transactions. HILSV will be traded against the US currency and Tether (USDT), giving investors a chance to contribute to the fundraising for the hotel project.
Hilton Resort at El Salvador International Airport
The construction of a Hampton by Hilton hotel complex at the El Salvador International Airport will be financed by the money raised through the issuance of tokenized debt. The building proposal will include restaurants, shops, a swimming pool and 80 rooms spread over 4,484 square meters over five floors. Hilton Hotels participates as a franchisor, although it is not affiliated with or responsible for the product.
Advantages for the development of the capital market in El Salvador
This innovative program marks a critical turning point in the growth of El Salvador’s capital market. Bitfinex Securities and Inversiones Laguardia are introducing a new asset class to the market through the use of tokenization and blockchain technology. In addition to providing a new source of funding to issuers in areas with limited access to capital, tokenized debt offerings enable the participation of investors who may not otherwise have access to such assets.
Creating jobs and economic opportunities
Significant economic prospects are expected to arise in El Salvador as a result of the construction of the Hilton hotel complex. The hotel complex is expected to provide up to 5,000 direct and indirect jobs once operational, with a further 1,000 jobs expected to be created during the construction period. This will help the tourism industry expand and strengthen El Salvador’s economy as a whole.
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