Bitfinex launched the tokenized debt issuance in April, aiming to raise $6.25 million for the construction and development of integrated facilities at the international airport in El Salvador. However, the fundraising did not go as planned. According to Cointelegraph, Bitfinex only raised $342,000 from investors by the first deadline, leading to a decision to refund the investors. Nevertheless, Bitfinex hopes to renegotiate new issuance terms with the issuer and restart the fundraising later.
El Salvadors Maiden Tokenized Debt Offering Fails BTC DollarCost Averaging Continues