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XLM $0.1903 -0.38%
ZEC $1,133.98 -4.46%

Bitfinex Securities plans to issue $6.25 million in tokenized debt to build a hotel at the Salvador airport

2024-04-11 19:09:01

ChainCatcher news, according to The Block, the tokenized securities platform Bitfinex Securities El Salvador SA de CV is launching a tokenized debt issuance to develop a 4,484 square meter Hilton Garden Inn complex at El Salvador International Airport.

It is reported that this issuance aims to raise $6.25 million, offering a 10% coupon over a five-year term—meaning buyers will receive an annual interest equivalent to 10% of their investment over five years, after which the principal will be returned. This financing will start on May 13, with a minimum investment of $1,000.

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