Bitfinex Securities Funds Historic El Salvador Hilton Hotel with Tokenized Debt Offering

Bitfinex Securities, alongside partners Inversiones Laguardia and Ditobanx, plans to issue a $6.25 million tokenized debt offering on the Liquid blockchain to finance the construction of a Hampton by Hilton hotel in El Salvador. This pioneering move in Central America aims to raise funds with a 10% coupon over a 5-year term, opening an attractive short-term investment opportunity for participants with a minimum investment of $1000.

Bitfinex Securities Announces Tokenized Debt Offering to Finance Landmark Hilton Hotel in El Salvador

El Salvador, April 11, 2023 - Bitfinex Securities, a leading provider of tokenized debt offerings, has announced plans for a transformative $6.25 million offering to finance the construction of a new Hampton by Hilton hotel at El Salvador International Airport. This pioneering move marks a watershed moment in the financial landscape of Central America, leveraging the power of tokenization to unlock novel investment opportunities.

A New Era of Debt Financing

The tokenized debt offering, a first-of-its-kind financial instrument in the region, will serve as a pioneering vehicle to raise capital for the development of the state-of-the-art hotel complex. Investors will seize the opportunity to participate in this groundbreaking initiative with a minimum investment of $1,000. The debt instrument boasts an attractive 10% coupon over a 5-year term, presenting a compelling short-term investment opportunity.

Bitfinex Securities has forged a strategic alliance with Inversiones Laguardia (HILSV), a well-respected entity in El Salvador, to spearhead the tokenized debt issuance. Ditobanx, a renowned tokenization and transaction structuring expert, will ensure compliance with stringent regulatory requirements throughout the process. The issuance will leverage the Liquid blockchain, a robust layer-2 solution built upon the Bitcoin network.

Driving Economic Growth and Job Creation

Paolo Ardoino, Chief Technology Officer of Bitfinex and Chief Executive Officer of Tether, hailed the venture as a testament to the transformative potential of tokenization. "This groundbreaking initiative marks a significant milestone in the evolution of El Salvador's capital market," said Ardoino. "By introducing a new asset class, we unlock the potential for economic growth and prosperity."

Hilton's involvement in the project is restricted to the role of franchisor, underscoring the independent nature of the initiative. The token, bearing the ticker symbol HILSV, will trade exclusively against the US Dollar and Tether's USDT stablecoin on the Bitfinex Securities platform.

Beyond its financial implications, the tokenized debt offering serves as a catalyst for economic development in El Salvador. During the construction phase, approximately 1,000 jobs are anticipated to be created, while up to 5,000 direct and indirect jobs are projected during operations. This surge in employment will provide a much-needed boost to the local economy.

Capitalizing on El Salvador's Digital Asset Revolution

Roberto Laguardia, President of Inversiones Laguardia, lauded the role of El Salvador's progressive digital asset laws in paving the way for this groundbreaking initiative. "These laws have unlocked access to previously untapped capital markets," stated Laguardia. "By leveraging tokenization, we can harness the power of blockchain technology to drive growth in El Salvador's tourism sector."

The tokenized debt offering will commence on May 13, 2024, and is expected to run for one month. This window of opportunity will empower investors to participate in the burgeoning economy of El Salvador and share in the transformative potential of tokenized finance.