El Salvador Pioneers Tokenization of Real World Assets with $6.25M for Hotel Project
Friday, 12 April 2024, 05:27
El Salvador Leads the Way in Hotel Project Tokenization
El Salvador is pioneering the integration of blockchain technology into traditional sectors by launching a tokenized debt issue. This initiative will fund the construction of a new hotel at El Salvador International Airport.
Key Points:
- The hotel project will include 80 rooms, commercial spaces, and amenities such as a pool and restaurants.
- Bitfinex Securities is spearheading the venture, aiming to raise $6.25 million through tokenized debt issuance.
- Investors can enjoy a 10% coupon over five years, with a minimum investment of $1,000.
- The tokens will trade against US dollars and USDT on the Liquid Network.
- The project is forecasted to generate significant employment opportunities in El Salvador.
This development signifies a major advancement in the use of digital assets to drive economic growth and capitalize on emerging markets. The tokenization of real-world assets is a rising trend globally, with companies like Circle also exploring similar opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.