Bitfinex Securities secures first digital assets license issued by El Salvador under new law
Apr. 11, 2023
By Assad Jafri
Bitfinex will establish a new entity called Bitfinex Securities El Salvador, S.A. De C.V. — which will operate separately from Bitfinex Group's similar platforms outside the country.
Bitfinex Securities El Salvador was granted the first digital assets service provider license issued by El Salvador under its new Digital Asset Issuance Law regime.
The license was issued by the National Digital Asset Commission, which is in charge of regulating the industry in El Salvador.
Bitfinex Securities El Salvador
Bitfinex will establish a new entity called Bitfinex Securities El Salvador, S.A. De C.V. — which will operate separately from Bitfinex Group’s similar platforms outside the country, according to the announcement.
The company will offer services in issuing and trading tokens, as well as tokenizing financial instruments like securities and bonds. Bitfinex Securities’ head of operations Jesse Knutson said:
“Issuers are eager to access the digital asset market, attracted by the speed, cost efficiencies and ease of issuance compared to traditional assets. The digital asset market is a market which, at over $1 trillion in size, is still in its infancy, but is growing tremendously quickly.”
Bitfinex said it already has issuances in the pipeline and will announce them in the coming months.
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