According to information from CNAD, the public offering of the $ESOY token began last January 18 and the digital services provider is IB Maker X, whose trademark is eNor Securities, according to local media reports.
El Salvador’s National Commission for Digital Assets (CNAD) authorized e-Grains to launch a public offering for $100 million (about €108 million) of the soybean-backed $ESOY digital token (token), exchange house or Securities reported on the X social network.
“eNor Securities proudly advised, structured, and coordinated the distribution for the first digital asset issued in El Salvador, worth $100 million,” published the company in charge of trading this crypto asset.
It added that “this is a milestone for El Salvador” and for the issuer of digital assets of agricultural commodities e-Grains.
According to information from CNAD, the public offering of the $ESOY token began last January 18 and the digital services provider is IB Maker X, whose trademark is eNor Securities, according to local media reports.
It also indicated that the offering to the public is for 7.6 million tokens.
The e-Grains company maintained in a statement on its website that “the tokenized security has the token $ESOY and is an asset-backed 100% by soybean futures contracts and custodial guarantees.”
“This marks a milestone for the country and the tokenized securities landscape, as it is the first issue and public offering approved by the CNAD since the approval of the Digital Assets Law in January 2023 and the first regulated tokenized asset in the world,” he stressed.
He indicated that the offering has been initially given on the eNor Securities exchange and that “the secondary market will open on March 18.”
In the field of cryptocurrencies, each one of the tokens is a digital representation of physical assets and serves their issuers to receive investments.
El Salvador became in September 2021 the first country in the world to adopt Bitcoin as legal tender, alongside the US dollar. However, 88% of the population did not use this cryptoasset in 2023, according to a recent survey.
By 2022, the Salvadoran government was expected to place bitcoin bonds, known as Bonos Volcán, for US$1 billion to finance the construction of Bitcoin City in the east of the country, but neither this financial movement nor the construction of the project took place.
With information from EFE.
Source: Forbes Central America
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