Bitfinex Securities is launching a tokenized debt offering to fund the construction of a new Hilton hotel at the El Salvador International Airport. The token, known as HILSV, will be traded for U.S. dollars and the USDT stablecoin on the Liquid Network, a sidechain of Bitcoin.
This move reflects the increasing trend of asset tokenization, where traditional financial instruments like loans and bonds are converted into digital tokens on blockchain platforms, providing new opportunities for investment and trading.
The introduction of HILSV follows a successful $5.2 million tokenized bond initiative by Alternative through Bitfinex Securities AIFC in Kazakhstan. Investors looking to participate in Bitfinex Securitiesβ offerings must complete verification processes with operations in Kazakhstan and El Salvador.
The current tokenized debt offering aims to raise $6.25 million, offering a 10% annual return over five years with a minimum investment threshold of $1,000.
The new Hampton by Hilton hotel will span a 4,484-square-meter area across five floors, featuring 80 guest rooms, a swimming pool, dining venues, and retail spaces. While Hilton Hotels is affiliated with the brand, they have not endorsed this specific financing initiative and only serve as a franchisor.