Bitcoin

Million

Bitfinex Securities, a leading tokenized securities platform, is set to launch a $6.25 million tokenized debt issue to support the development of a 4,484 square meter Hampton by Hilton hotel complex at El Salvador International Airport.&nbsp;
The firm noted that this initiative is a significant step in the intersection of finance and real estate, offering investors a unique opportunity to participate in a project with promising returns.
<h2 id="b-details-of-the-6-25-million-tokenized-debt-b">Details of the $6.25 Million Tokenized Debt</h2>
The hotel complex, part of a wider modernization initiative at El Salvador International Airport, <a href="https://thecoinrise.com/el-salvador-implements-new-law-to-lure-foreign-bitcoin-investors/" rel="noopener noreferrer nofollow">aims to improve the region’s hospitality offerings</a> and boost tourism. The Hampton by Hilton Hotel will provide essential accommodation options for travelers, enhancing the airport’s overall appeal and functionality.
Bitfinex Securities makes investment opportunities available to a wider range of investors by tokenizing the debt. During the construction stage, the project is expected to generate around 1000 job opportunities, while the operational phase will create about 5000 direct and indirect job opportunities. Additionally, the project will boost tourism.
<h2 id="b-investors-get-promising-returns-from-the-project-b">Investors Get Promising Returns From the Project</h2>
However, the tokenized debt has a 10% coupon over a five-year term, allowing a minimum investment of $1000. This means buyers get an annual 10% interest payment on their investment for five years, afterwards, the principal is returned. The capital raise is set to begin on May 13.
According to the post, the hotel facility will have about 80 rooms, five commercial spaces, a swimming pool, restaurants, and several amenities. To achieve this initiative, Bitfinex Securities collaborated with Inversiones Laguardia S.A. de C.V. (HILSV), an established entity in El Salvador. Meanwhile, the token will be issued under the ticket HILSV and traded against the U.S. dollars and Tether’s USDT stablecoin.
<h2 id="b-el-salvador-push-for-crypto-adoption-b">El Salvador Push for Crypto Adoption</h2>
At the beginning of 2023, <a href="https://thecoinrise.com/el-salvador-passes-bill-to-guide-all-cryptocurrencies/" rel="noopener noreferrer nofollow">El Salvador introduced a legalization bill for digital assets </a>after the proposal scaled through with 62 votes in its favor and another 16 against its implementation. At the time, the <a href="https://thecoinrise.com/el-salvador-has-established-a-national-bitcoin-office-onbtc/" rel="noopener noreferrer nofollow">National Bitcoin Office (ONBTC) of El Salvador</a> explained that the digital securities laws would usher in unprecedented consumer protection from bad actors.
In December 2023, El Salvador passed a new law to extend citizenship to foreign investors holding significant stakes in BTC. The law offers a pathway for foreign investors who contribute to El Salvador’s economy by investing in Bitcoin.
The post <a href="https://thecoinrise.com/bitfinex-securities-to-launch-tokenized-debt-issue-for-el-salvador-airport-hotel/" rel="noopener noreferrer nofollow">Bitfinex Securities To Launch Tokenized Debt Issue for El Salvador Airport Hotel</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Bitfinex Securities To Launch Tokenized Debt Issue for El Salvador Airport Hotel

Table of Contents

TheCoinrise Media

Other articles published on Apr 11, 2024

Top Cryptocurrency to Invest in Now April 11 – Ondo, Neo, Shiba Inu

EU securities watchdog: 10 exchanges dominate 90% crypto trades

Traders bet on RUNE, STX, and ORDI following Bitcoin halving

Solana’s Struggle Continues: Transaction Volume And Active Addresses Drop Heavily

What Drives Ravencoin (RVN) Expected Surge Over $0.2? A Closer Look

Will SEC be sued if Ethereum ETFs are rejected? Analysts weigh in

Join our free newsletter for daily crypto updates!