Bitfinex Securities Launches in El Salvador, Offering New Opportunities in Digital Asset Services - Bitfinex blog
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Bitfinex Securities Launches in El Salvador, Offering New Opportunities in Digital Asset Services

SAN SALVADOR, EL SALVADOR – January 31,2024 – Bitfinex Securities El Salvador S.A. de C.V., the leading securities token platform, is pleased to announce the official launch of its operations in El Salvador. As El Salvador’s first registered and licensed digital assets service provider, Bitfinex Securities is now accepting customer applications, and has already established a robust pipeline of potential issuances that are expected to come to 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 there will be significant demand for other regulated vehicles that provide exposure to digital assets.

This launch of Bitfinex Securities El Salvador follows the country’s historic move in September 2021 to adopt Bitcoin as legal tender, a visionary step towards a Bitcoin-centric economy. January 2023 saw further progress with the approval of a digital asset regulatory framework, laying the foundation for fully operational Bitcoin-based financial markets.

Paolo Ardoino, Chief Technology Officer of Bitfinex Securities said: “We are delighted to be able to announce the launch of Bitfinex Securities in El Salvador. This is not only an important market for Bitfinex given its adoption of Bitcoin as legal tender and the fostering of a Bitcoin -based economy, but it also gives El Salvador the opportunity to attract global investment flows, as issuers put out competitively priced securities offerings.”  He added: “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 new Digital Assets Securities Law, passed last year, carved out digital assets regulation from the traditional financial regulator and created the national commission of digital assets, that oversees the supervision and regulation of the ecosystem,” said Juan Carlos Reyes, President of the National Commission of Digital Assets in El Salvador. “It has been a positive experience to have worked with Bitfinex Securities, their high standards for regulation and extensive knowledge of compliance is truly world class,” he added. 

“Following up on El Salvador’s groundbreaking policy work and legislative frameworks 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 especially positive about the timing given the recent surge of institutional investor interest in Bitcoin-focused financial products,” said Jesse Knutson, Head of Operations at Bitfinex Securities. 

Over the past year, Bitfinex Securities has been working with several global issuers and built up a robust pipeline of tokenized financial assets, set to be unveiled in the coming months. Bitfinex is forecasting a significant pipeline of tokenised assets to come to the market in the first half of the year.

The development of a tokenised securities industry in El Salvador signifies  a substantial leap for financial innovation in Latin America and globally.

Bitfinex Securities also operates Bitfinex Securities AIFC, in Kazakhstan, which is under a separate jurisdiction and regulatory oversight. Customers seeking to access all Bitfinex Securities issuances must be verified with both entities and can gain access to future issuances on Bitfinex Securities El Salvador through this link [Bitfinex Securities Account Creation Link].

Bitfinex, since its inception in 2012, has been a leader in digital token trading, offering advanced trading features and financial tools for traders and liquidity providers globally. Bitfinex Securities Ltd. extends this legacy, providing a regulated, efficient global solution for capital raising through tokenized company shares.

For more information about Bitfinex and its commitment to financial freedom, please visit [www.bitfinex.com/manifesto].

Join our virtual roundtable on February 2nd at 3:30 PM UTC, live on Bitfinex Securities’ LinkedIn and Twitter. We’ll discuss the launch of Bitfinex Securities in El Salvador with industry experts like Stacy Herbert (Bitcoin Office, El Salvador), Max Keiser (Senior Bitcoin Advisor to President Bukele), Paolo Ardoino (CTO of Bitfinex), Juan Carlos Reyes (President of the National Commission of Digital Assets in El Salvador.), and Jesse Knutson (Head of Operations, 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. Through the facilitation of real-time settlement, 24/7/365 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

Email: [email protected]