The world’s pioneering licensed digital asset service provider
Bitfinex Securities has made its debut as the first licensed digital asset service provider in El Salvador, aligning with the country’s Bitcoin-focused financial initiatives. The securities token platform is now accepting customer applications, and it expects to see numerous tokenized financial asset issuances in the market during the first half of this year.
Paolo Ardoino, the CTO of Bitfinex Securities, expressed his enthusiasm for the launch in El Salvador, pointing out the country’s unique position as it has adopted Bitcoin as legal tender and is actively working towards creating a Bitcoin-centric economy. Ardoino believes that this move will not only benefit Bitfinex but also enable El Salvador to attract global investment through competitively priced securities offerings.
Bitfinex is optimistic about the success of regulated digital asset investment vehicles, citing the U.S. spot Bitcoin ETF as an example. Jesse Knutson, the Head of Operations at Bitfinex Securities, sees the recent surge in institutional investor interest in Bitcoin-focused financial products as a positive sign for their venture.
El Salvador has been in the cryptocurrency spotlight since 2021 when it granted Bitcoin legal tender status. The country also introduced the “Adopting El Salvador Freedom Visa” program in collaboration with stablecoin issuer Tether, allowing investors to apply for the Freedom Visa by investing $1 million in Bitcoin or USDT. With the establishment of a digital asset regulatory framework, El Salvador is paving the way for fully operational Bitcoin-based financial markets and solidifying its position in the digital currency landscape.
