Stacy

Bitcoin

April

when

Investors will soon be able to own a slice of a new 4,500-square-foot Hampton by Hilton hotel in El Salvador by buying tokenized shares issued on the Bitcoin layer 2 Liquid Network.
The country’s first-ever tokenized asset raise will be facilitated by Bitfinex Securities, the first licensed and registered digital asset provider in El Salvador, while the debt issued from Inversiones Laguardia S.A. de C.V.
The hotel will be constructed at El Salvador’s international airport, with Inversiones Laguardia looking to raise $6.25 million from crowdfunders in exchange for a 10% coupon over a five-year term.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/ce6f81a5-7707-4abf-abad-86bc82f76164.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/paoloardoino/status/1778405783262081288" target="_blank" rel="noopener nofollow">Paolo Ardoino</a>
 </figcaption>
</figure>
“[This] represents an important step forward in developing its nascent capital market as well as introducing a major new asset class into the market,” <a href="https://blog.bitfinex.com/media-releases/bitfinex-securities-announces-capital-raise-for-hampton-by-hilton-at-el-salvador-international-airport/" target="_blank" rel="noopener nofollow">said</a> Paolo Ardoino, chief technology officer of Bitfinex Securities, in an April 11 statement. 
<blockquote data-ct-non-breakable="true">
 “For the first time, investors who do not usually have the opportunity to invest in such assets have the opportunity to do so, while issuers in markets which have less access to capital, are able to tap into a new asset class to raise finance.”
</blockquote>
Investors will need to make a minimum $1,000 investment to purchase the token under the ticker HILSV <a href="https://cointelegraph.com/explained/bitcoin-defi-ecosystem-explained">on the Liquid Network</a>.&nbsp;Liquid was built by Blockstream in 2018, a Bitcoin-focused infrastructure firm led by long-time cypherpunk Adam Back.
Related: <a href="https://cointelegraph.com/news/el-salvador-bitcoin-treasury-85-million-profit-amid-btc-rally">El Salvador’s Bitcoin treasury is now $85M in profit amid BTC rally</a>
The hotel project will have five levels, 80 rooms, five commercial spaces and other hotel amenities, including a swimming pool, restaurants, a gym, gardens and multipurpose rooms, Bitfinex noted.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/0f2f8867-5165-4509-a182-e61eb36dc9c2.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/Eleconomistanet/status/1778553631286960279" target="_blank" rel="noopener nofollow">El Economista</a> 
 </figcaption>
</figure>
HILSV tokenholders will also be offered some free night accommodations at the hotel based on the size of their investment.
El Salvador, widely known for its <a href="https://cointelegraph.com/news/el-salvador-bitcoin-experiment-nayib-bukele-re-election">Bitcoin investment and adoption strategy</a>,&nbsp;decided to expand into the real-world asset tokenization space in April 2023 when it granted Bitfinex a <a href="https://cointelegraph.com/news/bitfinex-securities-el-salvador-receives-digital-asset-service-provider-license-in-el-salvador">digital asset service provider license</a>.
Prior to Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>), many locals in El Salvador were stuck between no investments and buying an entire house, said Jamie Robinson, chief strategy officer of The Bitcoin Hardware Store, in a recent interview with Cointelegraph.
But Bitfinex’s expansion marks a “new era of capital markets” on Bitcoin in El Salvador, <a href="https://x.com/stacyherbert/status/1778416634937422013" target="_blank" rel="noopener nofollow">noted</a> Bitcoin commentator Stacy Herbet, which will offer the local population a new way to access financial markets.
“This capital raise not only marks our first venture in El Salvador but also stands as a testament to the transformative power of Bitcoin-based capital markets,” said Jesse Knutson, head of operations at Bitfinex Securities.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/571a1d0a-6614-4226-87f0-e616ec06ed38.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/gersonmartinez/status/1778415661456179326" target="_blank" rel="noopener nofollow">Gerson Martínez</a>
 </figcaption>
</figure>
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/orange-pill-children-bitcoin-kids-books/">Should you ‘orange pill’ children? The case for Bitcoin kids books</a>

El Salvador’s newest Hilton hotel to tap into tokenized debt on Bitcoin

Cointelegraph

Other articles published on Apr 12, 2024

Elon Musk’s x.AI Corp Seeks $3-4 Billion Investment to Reach $18 Billion Valuation

Inconsistency in regulations are killing stablecoins, says BIS

PEPE’s big 10% price hike – Here’s one reason to thank Dogecoin

Key Crypto Events Including Uniswap Collaboration, Chainlink Transporter, and Coinbase Listing PE...

Ethereum: Is your ETH safe? New data raises some Qs for you…

Polygon (MATIC) Investor Skepticism Grows Ahead of Price Correction – What’s Next?

Join our free newsletter for daily crypto updates!