Hilton Hotel in El Salvador to Utilise Tokenized Debt on Bitcoin

A new Hampton by Hilton hotel in El Salvador will allow investors to own a share of the project by purchasing tokenized shares on the Bitcoin Liquid Network. This marks El Salvador’s first tokenized asset raise, managed by Bitfinex Securities, a registered digital asset provider in the country. Inversiones Laguardia S.A. de C.V. aims to raise $6.25 million through crowdfunding, offering investors a 10% return over five years.

A first for El Salvador, a first for @Bitfinex Securities, the start of a huge new industry in real world asset tokenisation. https://t.co/gR4LayDkjD

— Paolo Ardoino 🍐 (@paoloardoino) April 11, 2024

The hotel, located at El Salvador’s international airport, will include five levels with 80 rooms, five commercial spaces, and amenities like a pool, restaurants, and gym. Investors can purchase the HILSV token with a minimum $1,000 investment on the Liquid Network, developed by Blockstream in 2018.

Source: El Economista

HILSV token holders can enjoy free night accommodations at the hotel based on their investment amount. This initiative is part of El Salvador’s expansion into real-world asset tokenization, following the country’s adoption of Bitcoin. According to Jamie Robinson, chief strategy officer of The Bitcoin Hardware Store, locals in El Salvador previously faced limited investment options. Now, Bitfinex’s efforts mark a significant step in providing access to capital markets through Bitcoin, offering new opportunities to the local population.

Source: Gerson Martínez