El Salvador has announced that its new Hilton, Hampton by Hilton, could be purchased by investors using tokenized shares on the Bitcoin Liquid network.
Tokenization of debt
Investors will soon be able to acquire a share in the new 4,500-square-foot Hampton by Hilton in El Salvador by purchasing tokenized shares issued on the Bitcoin Liquid network. This is the first tokenized asset fundraising in the country and is facilitated by Bitfinex Securities, the first licensed and registered crypto-asset service provider in El Salvador. The debt is being issued by Inversiones Laguardia S.A. de C.V., which intends to raise $6.25 million from crowdfunders in exchange for a 10% coupon over five years.
Benefits for investors
Paolo Ardoino, CTO of Bitfinex Securities, said that this represents an important step in the development of El Salvador's capital market and the introduction of a new asset class to the market. It offers investors an opportunity to participate in assets that are not usually accessible to them, while issuers in markets with less access to capital can access a new asset class to raise financing. Investors must make a minimum investment of $1,000 to purchase the HILSV token on the Liquid network.
Conclusion
El Salvador has revealed that its new Hilton hotel, Hampton by Hilton, could be acquired by investors via tokenized shares on the Bitcoin Liquid network. The move marks the first tokenization of financial assets in the country, with Bitfinex Securities, El Salvador's first licensed and registered crypto-asset service provider, facilitating the operation.
