Digital asset exchange Bitfinex Securities El Salvador has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress in January, with the goal of fostering increased financial innovation and growth in the Central American country.
According to the announcement, the license, which was granted on April 11 by El Salvador’s National Digital Asset Commission, makes Bitfinex Securities El Salvador “the world’s first international digital asset platform to receive approval to be licenced as a Digital Asset Service Provider” in El Salvador
The announcement said that Bitfinex Securities El Salvador, a newly-formed entity, would offer a regulatory-compliant platform for companies worldwide to issue digital assets like equities, bonds, and other financial instruments. This will present a unique opportunity for businesses and individuals to leverage the advantages of issuing, investing, and trading digital assets in the favorable regulatory environment of El Salvador.
Bitfinex Securities El Salvador will function independently from Bitfinex group’s current platform, Bitfinex Securities AIFC, managed by Bitfinex Securities Limited.
Bitfinex continues to expand its global reach. In 2022, Bitfinex’s security token platform went live in Kazakhstan. The security token platform (STO) by Bitfinex, announced in September 2021, is now regulated under the Astana International Financial Center (AIFC) in Kazakhstan.
