Torres Legal advised on the structuring of the tokenization issuance for the Hilton Hotel to be located at the El Salvador International Airport. This marks the second public offering of digital assets in El Salvador and the second private tokenization driven by our Fintech team.
“The issuance aims to raise USD 6.25M to finance the construction of the Hilton hotel. It will be a 5-year debt with a 10% annual yield,” explains our partner, Daniel Leiva.
In the tokenization process, the Digital Asset Services provider Ditobanx, the certifier TR Capital, the marketer Bitfinex Securities, and Torres Legal as legal advisor were involved.
“One HILSV token represents credit rights equivalent to $1,000.00 United States dollars, and the number of available tokens is 6,250,”.
Alongside Fintech DitoBanx, Torres Legal was responsible for analyzing the project, creating the legal structure, token technical specifications, and obtaining regulatory approval from the National Digital Assets Commission of El Salvador (CNAD).
“The tokenization of the Hilton Hotel marks a significant milestone in the integration of digital assets in El Salvador, demonstrating Torres Legal’s commitment to being a strategic ally to our clients,” adds our managing partner, Héctor Torres.
Following the debt structuring phase, which concluded successfully with CNAD’s approval, the asset marketing phase will be led by Bitfinex Securities. Tokens can be traded on secondary markets and over-the-counter.
“The project will not only create jobs during the construction phase but also generate direct and indirect employment related to its operation. It will become the first and only hotel within the airport associated with the renowned Hilton brand”, explain our managing partner.