- The hotel features 80 rooms, a pool, restaurants, a gym, and gardens, emphasizing El Salvador’s Bitcoin adoption strategy.
- Bitfinex Securities facilitates El Salvador’s first tokenized asset raise, marking a significant step in financial market innovation.
El Salvador is advancing its integration of Bitcoin into the economy by financing the construction of a new Hilton hotel through tokenized debt.
🚀 Exciting news in crypto! El Salvador's newest Hilton hotel is tapping into tokenized debt on #Bitcoin, marking a historic move for the country's capital market. Investors can soon own a piece of the hotel by purchasing tokenized shares on the Bitcoin layer 2 Liquid Network,… pic.twitter.com/1GFUzfpE3n
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) April 12, 2024
The hotel, spanning 4,500 square feet, will be situated at the country’s international airport. To participate, investors are required to commit a minimum of $1,000 to purchase tokens on the Bitcoin layer 2 Liquid Network, identified by the ticker HILSV.
Bitfinex Securities, recognized as the first digital asset provider licensed in El Salvador, will oversee the tokenized asset fundraising. The project, initiated by Inversiones Laguardia S.A. de C.V., aims to collect $6.25 million from crowdfunding efforts, promising a 10% return over five years.
The decision to utilize the Liquid Network, established by Blockstream in 2018 under the guidance of Adam Back, a key figure in the Bitcoin community, reflects a strategic move to embrace blockchain technology for capital raising.
Related: El Salvador Exit Polls Show Nayib Bukele’s Bitcoin Revolution Earns 87% Support
The hotel is designed to feature 80 rooms across five levels, alongside amenities such as a swimming pool, restaurants, a gym, gardens, and multipurpose rooms.
Token investors will be rewarded with complimentary stays at the hotel, proportional to their investment levels. This project marks a significant step for El Salvador in its commitment to adopting Bitcoin, further cementing its position as a pioneer in leveraging cryptocurrency for economic development.
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.Discover more:https://t.co/UP3G2VbMS1 pic.twitter.com/yg4ERS9To5
— Bitfinex Securities (@BFXSecurities) April 11, 2024
The venture into tokenized financing by Bitfinex Securities introduces a new chapter in capital markets within El Salvador, providing residents with novel avenues for investment.
Read more: Bitcoin City Project Thrives as El Salvador’s New President Embraces the Vision
This approach not only demonstrates the practical application of Bitcoin in the realm of capital markets but also paves the way for future projects to employ similar financial structures.
