Bitfinex Securities., a leading securities token platform, has officially launched its operations in El Salvador. As the country’s first registered and licensed digital assets service provider, Bitfinex Securities is now accepting customer applications and has already secured a robust pipeline of potential issuances expected to come to market in 2024.
El Salvador, known for adopting Bitcoin as legal tender in September 2021, has continued its journey towards a Bitcoin-centric economy. In January 2023, the country achieved another milestone with the approval of a digital asset regulatory framework, laying the groundwork for fully operational Bitcoin-based financial markets.
Paolo Ardoino, Chief Technology Officer of Bitfinex Securities, expressed delight in announcing the launch, emphasizing the significance of El Salvador’s adoption of Bitcoin and the potential for global investment flows. He stated, “We’re proud to be at the forefront of this financial revolution, providing a platform for companies and investors worldwide to explore the limitless possibilities of digital assets.”
The move comes in the wake of the US Securities and Exchange Commission’s approval and launch of Bitcoin-based Exchange Traded Funds earlier this month, suggesting a growing demand for regulated vehicles providing exposure to digital assets.
Bitfinex Securities collaborated with the National Commission of Digital Assets in El Salvador to navigate the country’s regulatory landscape. Juan Carlos Reyes, President of the National Commission of Digital Assets, praised Bitfinex Securities for its high regulatory standards and extensive compliance knowledge, calling it a “world-class” experience.
Jesse Knutson, Head of Operations at Bitfinex Securities, highlighted the strategic timing of the launch, aligning with increased institutional investor interest in Bitcoin-focused financial products. He stated, “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.”
Over the past year, Bitfinex Securities has collaborated with global issuers, building a robust pipeline of tokenized financial assets set to be unveiled in the coming months. The company foresees a significant pipeline of tokenized assets coming to market in the first half of the year.
The expansion of Bitfinex Securities to El Salvador marks a substantial leap for financial innovation in Latin America and globally. Bitfinex Securities, part of the Bitfinex legacy since its inception in 2012, continues to be a leader in digital token trading, offering advanced features and financial tools for traders and liquidity providers worldwide. Bitfinex Securities Ltd. extends this legacy, providing a regulated, efficient global solution for capital raising through tokenized company shares.