January 31 Bitfinex Securities launches in El Salvador, providing new opportunities in digital asset services
San Salvador, El Salvador – January 31, 2024 – Bitfinex Securities El Salvador SA de CV, the leading securities platform, is pleased to announce the official launch of its operations in El Salvador. As the first registered and licensed digital asset services provider in El Salvador, Bitfinex Securities is now accepting client applications and has already created a strong pipeline of potential issuances that are expected to hit the market this year.
Following the successful approval and launch of Bitcoin-based exchange-traded funds by the US Securities and Exchange Commission earlier this month, Bitfinex expects that there will be significant demand for other regulated instruments that provide exposure to digital assets.
The launch of Bitfinex Securities El Salvador follows the country's historic move in September 2021 to adopt Bitcoin as a legal tender, a wise move towards a Bitcoin-centric economy. January 2023 saw further progress with the approval of the regulatory framework for digital assets, laying the foundation for fully operational Bitcoin-based financial markets.
Paolo Ardoino, CTO at Bitfinex Securities “We are pleased to be able to announce the launch of Bitfinex Securities in El Salvador,” he said. This is not only an important market for Bitfinex due to its adoption of Bitcoin as legal tender and the strengthening of the Bitcoin-based economy, but it also gives El Salvador the opportunity to attract global investment flows, as issuers float securities offerings at competitive prices. He added: “We are proud to be at the forefront of this financial revolution, providing a platform for companies and investors around the world to explore the limitless possibilities of digital assets.”
“The new Digital Asset Securities Law, passed last year, separated the regulation of digital assets from the traditional financial regulator and established the National Digital Assets Commission, which oversees the supervision and regulation of the ecosystem,” he said. Juan Carlos Reyes, Chairman of the National Digital Assets Commission In El Salvador. “It has been a positive experience working with Bitfinex Securities, and their high standards of regulation and extensive knowledge of compliance are truly world-class,” he added.
“Following the pioneering policy work and legislative frameworks in El Salvador 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. We are particularly optimistic about the timing given the recent increase in interest Institutional investors with Bitcoin-focused financial products Jesse Knutson, COO of Bitfinex Securities.
Over the past year, Bitfinex Securities has worked with several global issuers and built a robust portfolio of tokenized financial assets, which are set to be unveiled in the coming months. Bitfinex expects a wide range of token assets to hit the market in the first half of the year.
The development of the tokenized securities industry in El Salvador represents a major leap in financial innovation in Latin America and the world.
Bitfinex Securities also operates Bitfinex Securities AIFC, in Kazakhstan, which is subject to separate jurisdiction and regulatory oversight. Customers seeking access to all issues of Bitfinex Securities must verify with both entities and can access future issues on Bitfinex Securities El Salvador through this link [Bitfinex Securities Account Creation Link].
Since its inception in 2012, Bitfinex has been a pioneer in digital token trading, offering advanced trading features and financial tools to traders and liquidity providers globally. Bitfinex Securities Ltd. We continue to expand this legacy by providing a regulated and efficient global solution for raising capital through tokenized corporate shares.
For more information about Bitfinex and its commitment to financial freedom, please visit the website [www.bitfinex.com/manifesto].
Join our virtual roundtable on February 2nd at 3:30pm UTC, live on Bitfinex Securities' LinkedIn and Twitter. We will discuss the launch of Bitfinex Securities in El Salvador with industry experts such as Stacy Herbert (Bitcoin Desk, El Salvador), Max Keizer (Senior Bitcoin Advisor to President Bukele), Paulo Ardoino (CTO of Bitfinex), and Juan Carlos Reyes (President). From the National Digital Assets Commission of El Salvador.), and Jesse Knutson (Chief Operating Officer, Bitfinex Securities). Gain valuable insights into the future of digital assets. Follow us on LinkedIn https://www.linkedin.com/company/bitfinex-securities/?originalSubdomain=kz and Twitter https://twitter.com/BFXSecurities For live updates and streaming options.
About Bitfinex Securities
Founded in 2021, Bitfinex Securities seeks to apply the technological benefits of the digital asset industry to global capital markets. By facilitating real-time settlement, 24/7 trading, access to global liquidity, and the ability to self-custody assets, Bitfinex Securities allows for more efficient, cheaper, and easier interactions between investors and issuers.
Media contact for Bitfinex Securities
e-mail: [email protected]
