The company operates the platform on which the Volcano Bonds will be launched in the first quarter of this year.
Bitfinex Securities, an international company with a platform for issuing securities tokens based on blockchain technology, announced Wednesday the official launch of its operations in El Salvador, as part of the consequent actions to obtain the license as a provider of digital asset services in the country.
Jesse Knutson, head of operations of the firm, said that with its license in El Salvador, Bitfinex Securities is accepting applications from clients and has already established a solid portfolio of potential issues that are expected to reach the market this year.
Among those issuances is the Bono Volcán, a bitcoin-backed government bond announced by President Nayib Bukele that, according to the National Bitcoin Office, would be launched in the first quarter of this year.
“Following El Salvador’s innovative policy work and legislative frameworks over the past two and a half years, the official launch of Bitfinex Securities El Salvador is another important step in the evolution of capital markets and an important global proof of concept,” he said.
On the other hand, Knutson indicated that, given the successful launch of bitcoin spot ETFs on US exchanges, Bitfinex expects there to be significant demand for other regulated vehicles that provide exposure to digital assets.
“We are especially positive about the timing given the recent surge in institutional investor interest in bitcoin-focused financial products,” he commented.
In a previous interview with “Diario El Salvador”, Paolo Ardoino, chief technology officer of Bitfinex Securities, stated that as a company they are looking for El Salvador to become the financial hub in a new capital market for Central and South America.
“El Salvador is not only an important market for Bitfinex given its adoption of bitcoin as legal tender and the fostering of a bitcoin-based economy, but it also provides El Salvador with the opportunity to attract global investment flows as issuers launch securities offerings at competitive prices,” he stressed.
Finally, Knutson noted that Bitfinex Securities already operated in Kazakhstan, which is under separate jurisdiction and regulatory oversight.
Source: Diario El Salvador
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