Investors will soon have the opportunity to own a portion of a brand new Hampton by Hilton hotel in El Salvador. This unique investment opportunity involves buying tokenized shares on the Bitcoin layer 2 Liquid Network. Bitfinex Securities, the first licensed and registered digital asset provider in El Salvador, will facilitate the country’s first-ever tokenized asset raise. The debt will be issued by Inversiones Laguardia S.A. de C.V.
The hotel will be located at El Salvador’s international airport and Inversiones Laguardia aims to raise $6.25 million from crowdfunders. In exchange for their investment, investors will receive a 10% coupon over a 5-year term. The minimum investment required to purchase the token under the ticker HILSV on the Liquid Network is $1,000.
Bitfinex Securities’ Chief Technology Officer, Paolo Ardoino, believes that this venture is a significant step in the development of El Salvador’s capital market and the introduction of a new asset class. The Liquid Network, created by Blockstream in 2018, is a Bitcoin-focused infrastructure firm led by Adam Back.
The hotel project will consist of five levels, 80 rooms, five commercial spaces, and various amenities including a swimming pool, restaurants, gym, gardens, and multipurpose rooms. HILSV token holders will also be entitled to complimentary accommodation at the hotel, depending on the size of their investment.
El Salvador has gained recognition for its Bitcoin investment and adoption strategy. In April 2023, the country granted Bitfinex a license as a digital asset service provider, marking its expansion into the real-world asset tokenization space. This move provides opportunities for locals who previously had limited investment options.
Jesse Knutson, the Head of Operations at Bitfinex Securities, expressed excitement about this capital raise, stating that it not only marks their first venture in El Salvador but also showcases the transformative power of Bitcoin-based capital markets. This expansion represents a new era of capital markets on Bitcoin in El Salvador, offering the local population a fresh way to access financial markets.