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- šØš· The Perfect Tokenized Pair: On-Chain Hotel and Wine
šØš· The Perfect Tokenized Pair: On-Chain Hotel and Wine
š“ Your Weekly Security Token Digest
Goooood Morning, Rainmakers! āļø
As always, we have two captivating topics for you to dive into:
1ļøā£ šØ El Salvador Tokenizes Debt: Bitfinex Securities & Hampton by Hilton Hotel
2ļøā£ š· On-Chain Wine: GrtWines Marketplace
Without further ado, it's time toā¦
Get Liquid š§
Your First Captivating Topic of the Week
šØ El Salvador Tokenizes Debt: Bitfinex Securities & Hampton by Hilton Hotel
Bitfinex Securities is back with another offering! Known for their involvement with the Blockstream Mining Note (BMN) and most recently the ALTERNATIVE (ALT2612) debt token, the firm is now working with El Salvador to launch a debt token for a Hampton by Hilton Hotel to be located at their international airport, MonseƱor Arnulfo Romero y GaldƔmez International Airport of El Salvador.
Bitfinex Securities El Salvador S.A. de C.V is El Salvadorās first licensed digital asset provider and theyāre working with Inversiones Laguardia S.A. de C.V. to issue this token ($HILSV) in hopes of raising $6.25M. Of course since itās a debt token it comes with a maturity of 5 years and a coupon of 10%.
The construction project entails the development of a 4,484 square metres facility across five levels, with 80 rooms, five commercial spaces, and other hotel amenities including a swimming pool, restaurants, gym, gardens, and multipurpose rooms.
This speaks volumes toward El Salvadorās forward-thinking approach to blockchain after having accepted Bitcoin as legal tender. On Bitfinexās side, like the BMN token, HILSV will be on the Liquid network via Blockstream AMP. This offering will provide an estimated 1,000 jobs during the construction phase and up to 5,000 direct and indirect jobs during itās operational phase.
Starting in 28 days, HILSV has a minimum investment of $1,000 but for greater amounts the issuer is providing perks such as free night stays at the hotel depending on the investment size, up to All-year-round free stay during the life of the bond (5 years) for the right amount š.
GM
Tether's tokenisation platform will soon be available to everyone.
A masterpiece.
Fully non custodial.
Multi chain.
Multi asset type.
Super customizable.+T
ā Paolo Ardoino š (@paoloardoino)
8:40 AM ā¢ Apr 14, 2024
And what interesting timing it isā¦ HILSV is expected to trade against both USD and USDT (tether). As you can see above, the Tether CEO announced yesterday that Tether will be supporting RWA tokenization soon. Note: Paolo Ardoino is both the Tether CEO and the Bitfinex CTOā¦ Iām curious to see how this close relationship could evolve to further collaboration/ use cases and benefits for investors.
This is not financial advice.
A Message from Betterment
Make Your Money a Multitasker.
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Your Second Captivating Topic of the Week
š· On-Chain Wine: GrtWines Marketplace
To pair well with a hotel investment (not financial advice) we have a web3 marketplace coming out of Hong Kong!
Back in January we covered the Wine Capital Wine Fund on Oasis Pro which leverages a fund structure for investing in this asset. GrtWines has a different approach where āseasoned connoisseurs and newcomersā can collect, trade, and store fine wines with asset backed tokens.
Until redeemed and delivered, wines are sourced directly from and stored in optimal condition at renowned wineries and trusted partners such as CVBG, an iconic Bordeaux negociant, ensuring the utmost quality and provenance, and an attractive option for both wine enthusiasts and investment-savvy individuals to diversify their portfolios.
"The Jefferson Collection" will be launching tomorrow, April 16th, with 21 wine-backed tokens. This collection will be a tribute to US founding father Thomas Jefferson. A fine wine connoisseur, Jefferson is recorded to have had an affinity towards ChĆ¢teau Haut-Brion, ChĆ¢teau Lafite Rothschild and ChĆ¢teau Margaux.
As for traction, GrtWines released its inaugural collection "100 Magnums", featuring iconic Bordeaux wines back in January which sold out in 4 days - the first investment being made within 54 seconds of the launch! This speaks to the interest in this appreciating asset and the work GrtWines has put in to attract the right investors.
These NFTs each come with an assortment of wines they represent which. Browsing through the collection, we see NFTs available for as low as $585 (The Founding Father) and as high as $8,372 (The Presidential Party) at the time of writing. Investors have the option of participating via crypto or credit card, just connect your wallet!
Donāt want to redeem the NFT for the wine? Feel free to sell it (hopefully at a profit) via their marketplace!
This is not financial advice.
š¦ What else is Drippinā
STM Updates
TokenizeThis Referral Program
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Mark your calendars for May 9-11, 2024, as this conference promises to be an unforgettable experience inā¦the vibrant city of Miami, FL! š“
Boasting a diverse array of industry experts as speakers, thought-provoking panels, and an immersive workshop, the conference offers an in-depth exploration of the ever-evolving tokenization landscape.
Reports
(NEW) STM Monthly Report - March 2024
We're excited to release the March 2024 edition of our monthly report! March 2024 has been a remarkable month for the tokenized securities space with the launch of BlackRockās BUIDL fund via Securitize, increased volumes across ALL asset classes, and RealTās capital raise leveraging a Swiss framework to name a few catalysts.
In this monthās market report, we have meticulously tracked over 532 security tokens spanning across 12 marketplaces and 10 blockchains.
Sections include:
š Key Takeaways
š Asset Class Breakdown
š Marketplace Spotlights
š On-Chain Treasury Products
š New Tokens and Announcements
State of Security Tokens 2023 - Q4 Report
We are very excited to publish our State of Security Tokens 2023 - Q4 report with our client and sponsor Blue Water Financial Technologies . Peter Gaffney and the Security Token Advisors team cover the following topics:
Key retail & institutional themes in the tokenization and real world assets space including:
Treasury, private credit, and real estate growth
Asset-Backed Securities (ABS) originations and securitizations
Investment banking platforms and digital bond placements
Global distribution channels & preferential jurisdictions
M&A and Investment Activity
Secondary Trading Activity (40+ graphs and charts from Security Token Market)
M&A and Investments
50+ Service Provider Updates
Public and Private Blockchain Developments
This is not financial or investment advice.
TokenizeThis: Highlights and Key Takeaways Report
Weāre proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!
Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.
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Everything in this newsletter is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this newsletter should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.