- Bitfinex Securities has launched in a new location.
- The trading platform is now accepting customer applications from the country.
- The company teased an upcoming “robust pipeline of tokenized financial assets.”
Bitfinex Securities has officially launched the first registered and licensed digital assets platform in El Salvador, the company said on Wednesday.
The development follows the El Salvador government’s approval of a digital asset regulatory framework in January 2023, paving the way for establishing fully operational Bitcoin-based financial markets.
Bitfinex Securities Starts Accepting El Salvador Customers
According to a press release dated January 31, Bitfinex Securities El Salvador S.A. de C.V. has opened its tokenized securities trading platform to the public and is now accepting customer applications.
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Noting that El Salvador was an important market for the company, Bitfinex Chief Technology Officer (CTO) Paolo Ardoino lauded the launch, stating that it positions the country to attract global investment flows “as issuers put out competitively priced securities offerings.”
“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,” Ardoino stated.
Following today’s launch, Bitfinex forecasted an influx of tokenized assets coming to the market in the first half of the year.
The company expressed expectations of a “significant demand” for regulated vehicles that provide exposure to digital assets now that Bitcoin-based Exchange Traded Funds have been approved by the U.S. Securities and Exchange Commission (SEC).
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Per the statement, over the past year, the company has been collaborating with “several global issuers”. It has established a robust pipeline of tokenized financial assets, set to be “unveiled in the coming months.”
Read about El Salvador’s struggles with BITC adoption:
El Salvador Struggles to Spark BTC Adoption Despite Efforts
Stay updated on getting El Salvador citizenship through Bitcoin:
How Bitcoin Offers a Gateway to El Salvador Citizenship
