The Canadian firm Satstreet, a leading brokerage specializing in high-volume Bitcoin (BTC) and stablecoin transactions, has injected millions of dollars into El Salvador, focusing primarily on real estate acquisitions and asset purchases. George McBride, Satstreet’s sales director and general manager for the country, confirmed the significant influx of digital capital, stating, “It’s a number that is growing exponentially.” While the exact figures remain undisclosed, the flow of transactions highlights the growing appeal of El Salvador as a hub for cryptocurrency-based investment.
Operating in Toronto since 2020, Satstreet exclusively serves high-net-worth clients, corporations, and entities, handling transactions ranging from $50,000 to $100 million. McBride emphasized the firm’s focus on personalized service, deep liquidity, and strict compliance, clarifying, “We don’t serve the retail market; we offer tailored solutions for significant investors.” His connection to El Salvador is personal: after the 2021 Bitcoin Law announcement, McBride’s father, John McBride, moved permanently to the country, managing ventures such as Mail Boxes Etc. and Cielo Norte Aviación, while promoting El Salvador to international investors.
Driving Digital Capital through Compliance and Innovation
Satstreet operates as a Digital Asset Service Provider (DAP), authorized by El Salvador’s National Digital Asset Commission (CNAD), which McBride describes as a cornerstone for secure operations. The firm specializes in converting large-scale BTC or stablecoin holdings into U.S. dollars for deposit in local banks, streamlining real estate acquisitions for foreign investors. Transactions range from $50,000 to over $15 million, often completed within one to two days following rigorous due diligence.
Beyond financial transactions, Satstreet actively connects investors with local opportunities, tailoring visits and projects to align with clients’ experience and interests. McBride highlighted security, legal certainty, and economic stability as key drivers attracting foreign investment, adding, “People want to live or invest where their children are safe. That makes a huge difference.” He also praised President Nayib Bukele’s pro-business environment, noting, “Honestly, we wouldn’t be here if it weren’t for Bukele. The government supports growth while maintaining transparency and regulatory rigor.”
Expanding Operations and Strategic Initiatives
With an office already established in San Salvador, Satstreet plans to expand local operations through new hiring and strategic initiatives, including the tokenization of real assets—a segment the company considers critical for future growth. McBride concluded, “We are proud to operate here and contribute to the country’s growth. What’s to come will be even more exciting.”
Satstreet’s move reflects the broader trend of digital capital fueling El Salvador’s real estate and investment landscape, reinforcing the country’s position as a global cryptocurrency-friendly destination.
