{"id":24477,"date":"2024-07-06T12:00:18","date_gmt":"2024-07-06T09:00:18","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24477"},"modified":"2024-07-06T10:05:45","modified_gmt":"2024-07-06T07:05:45","slug":"bitfinex-securities-to-refund-investors-hilton","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitfinex-securities-to-refund-investors-hilton\/","title":{"rendered":"Bitfinex Securities to Refund Investors After Hilton Hotel Project Fails to Meet Funding Goal"},"content":{"rendered":"<p>State regulated global digital asset trading platform, <strong>Bitfinex<\/strong> <strong>Securities<\/strong>, said that it will return its investors\u2019 capital arising from its project to develop a Hilton hotel at El Salvador\u2019s international airport as it did not achieve the $500,000 minimum funding for its continuation.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitfinex-securities-to-refund-investors-hilton\/#Funding_Shortfall_and_Future_Plans\" title=\"Funding Shortfall and Future Plans\">Funding Shortfall and Future Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitfinex-securities-to-refund-investors-hilton\/#Project_Details_and_El_Salvadors_Expansion_into_Digital_Assets\" title=\"Project Details and El Salvador\u2019s Expansion into Digital Assets\">Project Details and El Salvador\u2019s Expansion into Digital Assets<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Funding_Shortfall_and_Future_Plans\"><\/span>Funding Shortfall and Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The project, which was the first IPO digital debt because of El Salvador, was able to attract the attention of investors to collect only $342000 by the first deadline before the $6,25 million goal. \u201c<em>Bitfinex is to be refunding all investors as stated in the Relevant Information Document<\/em>\u201d a senior official at Bitfinex further said. But, to the refunds they claimed that they are not acting at the same time yet. \u201c<em>We are expecting the issuer to restructure the offer<\/em>\u201d the spokesperson further said but the particular issuer; Inversiones Laguardia S.A. de C.V. has not outlined its next move. Currently, <strong>Bitfinex<\/strong> has taken the public offering down from its website menu.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Project_Details_and_El_Salvadors_Expansion_into_Digital_Assets\"><\/span>Project Details and El Salvador\u2019s Expansion into Digital Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The funds were expected to complete the construction of the Hampton by Hilton hotel, which would occupy 4,500 square meters and have five floors with 80 rooms, a restaurant, working space, a swimming pool, a gym, and a garden. Individual investors were asked to pitch at least $1000 to buy the \u201cHILSV\u201d token at the Bitcoin layer 2 Liquid Network in exchange for a 10% coupon over five years.<\/p>\n<p>Meanwhile in April 2023,<strong> El Salvador<\/strong>, which has made headlines for its investment and adoption of Bitcoin and adopting of Bitcoin investment and using it as legal tender also ventured into the real \u2013 word asset tokenization space when it issued Bitfinex with a digital asset service provider license. When Hilton hotel was announced, Bitcoin commentator Stacy Herbert pointed to this expansion as the start of a new era of capital markets on Bitcoin in El Salvador which would provide the local populace with new windows to the world\u2019s financial markets.<\/p>\n<p>At the same time, <strong>El Salvado<\/strong>r dreams of creating the investment banks that will grant the holders of bitcoin equal or even fewer accesses to other financial services than usual banks.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>State regulated global digital asset trading platform, Bitfinex Securities, said that it will return its investors\u2019 capital arising from its project to develop a Hilton hotel at El Salvador\u2019s international airport as it did not achieve the $500,000 minimum funding for its continuation. Funding Shortfall and Future Plans The project, which was the first IPO<\/p>\n","protected":false},"author":6,"featured_media":24479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[1844,1828,7217],"class_list":["post-24477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitfinex","tag-el-salvador","tag-hilton-hotel-project"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitfinex Securities to Refund Investors After Hilton Hotel Project Fails to Meet Funding Goal - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitfinex-securities-to-refund-investors-hilton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitfinex Securities to Refund Investors After Hilton Hotel Project Fails to Meet Funding Goal - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"State regulated global digital asset trading platform, Bitfinex Securities, said that it will return its investors\u2019 capital arising from its project to develop a Hilton hotel at El Salvador\u2019s international airport as it did not achieve the $500,000 minimum funding for its continuation. 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