According to a report by Cointelegraph, Bitfinex Securities, the tokenized securities trading platform of cryptocurrency exchange Bitfinex, officially announced the launch of Bitfinex Securities El Salvador on Wednesday (31st) after obtaining the digital asset service provider license stipulated by El Salvador’s Digital Assets Issuance Law in April 2023. Bitfinex Securities stated that there will be a huge demand for regulated digital investment services in the market, especially after the listing and trading of the US Bitcoin spot ETF in January. Jesse Knutson, the operator of Bitfinex Securities, told Cointelegraph, “We have felt institutional interest in Bitcoin and Bitcoin-based securities, especially after the launch of the US Bitcoin spot ETF.” The platform also expects increased 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 products. Knutson stated, “We are pleased to see both domestic and international issuers participating in our product line.” Knutson also pointed out that the purpose of launching Bitfinex Securities in El Salvador is to help the exchange expand its business in Central America and South America. Except for jurisdictions under sanctions, the platform is open to institutions and individual investors worldwide. According to Knutson, El Salvador has made significant progress since adopting Bitcoin as legal tender in September 2021. Related reports: “Bitfinex Securities to launch its first tokenized bond in November, fundraised in USDT.”
