Bitfinex Securities, an international company specializing in a blockchain-based tokenized securities issuance platform, officially announced the commencement of its operations in El Salvador this Wednesday. This move follows the company’s successful acquisition of a license as a digital asset service provider in the country.
Jesse Knutson, the Chief Operating Officer of the firm, expressed confidence in the Salvadoran market, stating that Bitfinex Securities is now accepting client applications and has already built a robust portfolio of potential issuances expected to hit the market later this year.
Among these upcoming issuances is the «Volcano Bond,» a state-backed bond tied to Bitcoin, as unveiled by President Nayib Bukele. The National Bitcoin Office has indicated that this bond is slated for launch in the first quarter of this year.
«Building upon the innovative political work and legislative frameworks in El Salvador over the past two and a half years, the official launch of Bitfinex Securities in El Salvador marks another significant step in the evolution of capital markets and a crucial global proof of concept,» remarked Knutson.
Moreover, Knutson highlighted the company’s positive outlook, citing the recent surge in institutional investor interest in Bitcoin-focused financial products, especially considering the successful launches of Bitcoin exchange-traded funds (ETFs) in the United States.
In a prior interview with «Diario El Salvador,» Paolo Ardoino, Chief Technology Officer of Bitfinex Securities, emphasized the company’s aspiration for El Salvador to become a financial hub in a new capital market for Central and South America.
«El Salvador is not only a significant market for Bitfinex due to its adoption of Bitcoin as legal tender and the promotion of a Bitcoin-based economy, but it also provides an opportunity for El Salvador to attract global investment flows as issuers launch competitive security offerings,» Ardoino emphasized.
Lastly, Knutson pointed out that Bitfinex Securities is already operational in Kazakhstan, operating under a separate jurisdiction and regulatory oversight. The company aims to leverage its experience to contribute to the growth and development of El Salvador’s emerging financial ecosystem.