Bitfinex Securities El Salvador (“Bitfinex Securities El Salvador”), has become the first international platform in the world to receive approval for a license as a Digital Asset Service Provider in El Salvador. All this in accordance with the innovative Digital Asset Issuance Law (“Ley de Emisión de Activos Digitales”), adopted from El Salvador in January 2023.
Officially granted last Tuesday (11) by the National Commission for Digital Assets of El Salvador, the new license marks an important new milestone for Bitfinex. According to the brokerage, in its long-term strategy, there is the objective of providing financial freedom and inclusion to communities and countries around the world.
In a note, the broker said its El Salvador-registered platform operates separately from its main platform, Bitfinex Securities AIFC, established in 2021 and operated out of Kazakhstan.
Bitfinex is preparing to issue tokens in its new division in El Salvador
While many cryptocurrency exchanges struggle with regulators to innovate, El Salvador seems willing to push the boundaries of new technologies, including with tokens. It is the first country to adopt bitcoin as the world’s official currency and will now be the first country to receive a regulated brokerage of tokens and digital assets, with an international reach.
According to Paolo Ardoino, technology director of the Bitfinex group, the brokerage is happy to be the first to be licensed under the newly approved law.
“We are delighted to be the first company to receive this license. It enables Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations, as outlined in the new digital asset regulatory regime. This means that a whole range of entities, from small businesses to governments, can raise capital in a regulated environment and tap into a group of investors who are extremely comfortable with crypto assets and tokenized securities, which represent a market of more than $1 trillion. peaking at $3 trillion.”
The Digital Asset Issuance Law, passed by the National Congress of El Salvador in January 2023, aims to promote more financial innovation and growth in the Central American country.
Commenting on the news, Jesse Knutson, Chief of Operations at Bitfinex Securities, has seen a strong demand for products related to tokenization and other investment products. According to him, it is a market that is still in its infancy, with enormous long-term potential.
“We are seeing significant demand from issuers and investors for the products enabled by the new regulations, including tokenized equity, yield assets and other investment products. Issuers are eager to tap into the digital asset market, attracted by the speed, cost efficiency and ease of issuance compared to traditional assets. The digital asset market is a market that is still in its infancy at over $1 trillion, but is growing at a tremendous rate.”
Companies around the world will be able to issue new assets regulated by El Salvador
Bitfinex Securities El Salvador is preparing to receive new products linked to digital assets and cryptocurrencies on its platform, possibly from companies around the world. So it is clear that the small country is becoming a place with legislation that is friendly to decentralized technology.
For example, a tokenizer can issue a wide variety of digital assets, including stocks and bonds, through the new exchange. The platform now allows assets to be traded by investors, facilitating market entry of the new digital economy.
A launch program is planned in the brokerage during 2023, which should attract more attention from the market. Blockstream itself, one of the companies promoting the development of Bitcoin technology, has released its product “Blockstream Mining Note (BMN)” with Bitfinex, a brokerage firm founded in 2012 that is now getting new features.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.