TechFlow news: Bitfinex Securities has announced a new digital debt issuance program to finance the construction and development of a new Hampton by Hilton hotel complex at the International Airport of El Salvador.
This is Bitfinex Securities’ first issuance program in El Salvador, aiming to leverage the country's digital asset legislation to introduce a new asset class to its capital markets.
The token will be issued under the symbol HILSV and traded in USD and USDT. HILSV will be issued on the Bitcoin sidechain Liquid Network, targeting to raise $6.25 million with a 5-year term and an annual interest rate of 10%. Investors will receive investment incentives such as complimentary hotel stays.
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