Bitfinex Securities: Financing for the Hampton by Hilton in El Salvador is not going smoothly

Previously, Bitfinex Securities launched a tokenized debt product to build a Hilton Hampton Hotel near the El Salvador airport, but the financing progress was not smooth. Although its goal was to raise $6.25 million in 30 days, only $342,000 has been raised so far. It is understood that the project offers some unique "benefits" to investors, such as free or even unlimited stays for large investors. The "Market Research Update" released by Horwath HTL shows that the hotel expects total revenue of $2.7 million, a goal that seems a bit too optimistic when construction has not yet been completed. According to Bitfinex Securities' documents, the construction time is expected to be "no more than 12 months." In addition, Bitfinex Securities itself has also faced challenges. The blockstream mining note provided by the trading platform has not been traded since November 13 last year. The project party Inversiones Laguardia has been contacted to ask whether construction can continue if this financing fails, but no response has been received as of press time. (Protos) In April, the tokenized securities platform Bitfinex Securities was launching a tokenized debt product to build a 4,484-square-meter Hilton Garden Inn complex at the El Salvador International Airport, with a target of raising $6.25 million. This tokenized debt is issued by the Salvadoran company Inversiones Laguardia S.A. de c.v. and will now become the first tokenized debt traded on the platform. The token will be issued on the Bitcoin sidechain Liquid Network, with the code HILSV, and will be traded in U.S. dollars and Tether's USDT stablecoin.