Bitfinex Securities is initiating a token sale for a debt investment opportunity to finance the building of a new Hilton hotel.
Based on Bitfinex’s announcement, a new hotel is scheduled to open at El Salvador International Airport. The associated token, with ticker HILSV, will be up for sale in return for U.S. dollars and USDT stablecoins. The issuance of this token is planned on the Liquid Network, which is connected to Bitcoin as a sidechain.
The advancement signifies an increasing number of assets being tokenized, which means transforming conventional financial products such as loans and bonds into digital tokens on blockchain systems. This new approach provides innovative opportunities for investing and trading.
Through Bitfinex Securities AIFC in Kazakhstan, Alternative successfully carried out a $5.2 million tokenized bond initiative, paving the way for HILSV’s introduction. To invest in Bitfinex Securities’ offerings, potential investors need to go through verification procedures in both Kazakhstan and El Salvador.
This debt offering in the form of tokens is looking to bring in a total of $6.25 million. In return, investors can expect an annual yield of 10% for a period of five years, with a required minimum investment amounting to $1,000.
The new Hampton by Hilton hotel will span over 4,484 square meters and consist of five floors. It aims to offer 80 guest rooms, a pool, eating establishments, and shopping areas. Although Hampton by Hilton is the brand name, Hilton Hotels has not taken part in this financing project beyond franchising it, without any direct involvement.
Read More
- Niecy Nash-Betts Tracks a Sinister Killer in ‘Grotesquerie’ Trailer
- AI16Z PREDICTION. AI16Z cryptocurrency
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- Solana price forms a rare pattern: will it go beast mode soon?
- ‘Mad: Max: Fury Road’ Will Land on Netflix at the End of December
- Felicity Jones Has a Fresh (and Minimalist) Take on Method Dressing Trend at ‘The Brutalist’ Premiere
- Crypto x AI makes up just 1% of crypto market cap, says analyst
- Pixelverse Raises $2M for Web3 Gaming, Total Funding Hits $7.5M
- Solana L2 Sonic includes TikTok users in airdrop
- When Dharmendra said Sunny Deol and Bobby Deol didn’t have affairs with heroines and were ‘innocent’, recalls Gadar 2 director Anil Sharma
2024-04-11 19:09