TechFlow reported, according to official news, iFinex—the parent company of the Bitfinex trading platform—has partnered with the government of El Salvador to support the country in developing laws, regulations, and guidelines related to cryptocurrencies.
In addition, iFinex will serve as an advisor to the El Salvadoran government on issuing and promoting digital asset trading, including advising on the issuance of the world's first Bitcoin-backed digital bond, the "Volcano Bond," aimed at funding energy infrastructure for Bitcoin mining operations.
Paolo Ardoino, Chief Technology Officer at Bitfinex Securities, said: "We are excited to be part of this project, working alongside the government of El Salvador and Blockstream to unlock new opportunities in capital raising and tokenized equity."
President Nayib Bukele of El Salvador also stated: "We are proud of this collaboration and believe it marks a significant step toward positioning El Salvador as a global financial hub."
