According to Cointelegraph, Bitfinex Securities, the tokenized securities trading platform of the cryptocurrency exchange Bitfinex, officially announced the launch of Bitfinex Securities El Salvador on Wednesday (31st), months after obtaining the digital asset service provider license specified by El Salvador’s Digital Assets Issuance Law in April 2023.
Bitfinex Securities stated that the market is expected to have a huge demand for regulated digital investment services, especially after the listing and trading of the US Bitcoin spot ETF in January. Jesse Knutson, the operational head of Bitfinex Securities, told Cointelegraph that “we feel the institutional interest in Bitcoin and Bitcoin-based securities, especially after the launch of the US spot ETF.” The platform also anticipates an increase in market interest in tokenized securities and real-world assets (RWA).
Bitfinex Securities plans to announce a series of different products it plans to launch in the coming months, including stocks and bond-like products. Knutson stated, “We are pleased to see domestic and international issuers participating in our product line.”
Knutson also pointed out that the purpose of Bitfinex Securities’ launch in El Salvador is to help the exchange expand its business in Central and South America. Except for jurisdictions under sanctions, the platform is open to institutions and individual investors worldwide.
According to Knutson, since Bitcoin became legal tender in September 2021, El Salvador has made significant progress.
Related report: “Bitfinex Securities to Launch First Tokenized Bond Offering in November, Funded by USDT.”
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