Bitfinex Securities unveils $6.25 million raise for El Salvador airport hotel

The capital will be used to develop a 4,484 square meter Hampton by Hilton hotel complex at El Salvador International Airport.

Tokenized securities platform Bitfinex Securities El Salvador S.A. de C.V. is launching a tokenized debt issue to develop a 4,484 square meter Hampton by Hilton hotel complex at El Salvador International Airport.

At the time, the tokenized securities token platform said it was accepting customer applications and had established a pipeline of potential financial asset issuances expected to come to market in the first half of this year. “The HILSV token marks the first digital asset tokenization from El Salvador and represents an important step forward in developing its nascent capital market as well as introducing a major new asset class into the market,” Bitfinex Securities CTO Paolo Ardoinio said in a statement shared with The Block.

The initiative also hopes to generate 1,000 jobs during the construction phase and up to 5,000 jobs related to the complex during its operation.

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