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.
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.
Details of the $6.25 Million Tokenized Debt
The hotel complex, part of a wider modernization initiative at El Salvador International Airport, aims to improve the region’s hospitality offerings 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.
Investors Get Promising Returns From the Project
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.
El Salvador Push for Crypto Adoption
At the beginning of 2023, El Salvador introduced a legalization bill for digital assets after the proposal scaled through with 62 votes in its favor and another 16 against its implementation. At the time, the National Bitcoin Office (ONBTC) of El Salvador 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.
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