Investors will soon be able to own a piece of El Salvador's new 4,500-square-foot Hampton by Hilton hotel by purchasing tokenized shares issued on the Bitcoin Tier 2 Liquid Network.
The country's first tokenized asset raise will be facilitated by Bitfinex Securities - the first licensed and registered digital asset provider in El Salvador - while debt issued by Inversiones Laguardia SA de CV
The hotel will be built at El Salvador's international airport, and Inversiones Laguardia is looking to raise $6.25 million from community funders in exchange for a 10% coupon over five years.
"[This] represents an important step forward in the development of the nascent capital market, as well as the launch of an important new asset class," said Paolo Ardoino, chief technology officer of Bitfinex Securities, in an April 11 statement.
"For the first time, investors who would not normally have the opportunity to invest in such assets have the opportunity to do so, while issuers in markets with less access to capital can use the new asset class to raise financing. "
Investors will need to make an investment of at least $1,000 to buy a token under the HILSV tag on Liquid Network. Liquid was built by Blockstream in 2018, a Bitcoin-focused infrastructure company led by longtime cypherpunk Adam Back.
