Bitfinex Securities Launches Tokenized Debt for Hilton Hotel Construction in El Salvador
Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue.
The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on the Liquid Network, a bitcoin sidechain, as outlined in a recent press release.
Bitfinex Securities to facilitate first ever El Salvador tokenised asset raise – $6.25m tokenised digital asset for new hotel at El Salvador International Airport.
Explore investment opportunities with HILSV tokens on Bitfinex Securities.
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— Bitfinex Securities (@BFXSecurities) April 11, 2024
Bitfinex Securities has partnered with Inversiones Laguardia (HILSV), a reputable entity in El Salvador, to manage the tokenized debt. Ditobanx, on the other hand, will handle the tokenization and structuring of the transaction, ensuring issuance on the Liquid blockchain—a Bitcoin layer-2 solution.
Announced on April 11, HILSV represents the first of its kind in the region, seeking to raise $6.25 million. The tokenized debt issuance will offer a 10% coupon over a five-year period, with a minimum investment threshold of $1,000. The issuance will be facilitated by Inversiones Laguardia S.A. de C.V.
The funds raised will be used to develop the 4,484-square-meter hotel complex, which features 80 rooms, five commercial spaces, a swimming pool, restaurants, and various amenities spread across five levels. It’s important to note that while Hilton Hotels is involved as a franchisor, it does not endorse any offering and bears no responsibility, according to the
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