21 Nov Bitfinex Securities Launches Categorical Onboarding for Salvadoran Residents
San Salvador, El Salvador, November 21, 2024 – Bitfinex Securities El Salvador S.A. de C.V., a regulated platform that permits entities to boost capital via the itemizing of tokenised securities, proclaims that it has enabled specific onboarding for Salvadoran residents who’re resident in El Salvador.
The streamlined onboarding course of will allow Salvadoran residents to entry capital elevate alternatives and buying and selling by way of Bitfinex Securities’ El Salvador-regulated entity extra effectively, whereas making certain compliance with regulatory KYC necessities.
Salvadorans will now solely want an official El Salvador picture ID, a tax ID quantity, a biometric picture, a residence tackle and a cellphone quantity to open a Bitfinex Securities El Salvador account.
Jesse Knutson, Head of Operations at Bitfinex Securities, commented: “Democratising entry to funding alternatives is likely one of the elementary advantages of bringing capital markets on-chain, and is a precept very a lot supported by El Salvador’s policymakers. Because of a strong regulatory regime, we have now a powerful pipeline of modern issuances coming to the El Salvador market, and we wish El Salvador’s residents to be first in line to take part. By enabling specific onboarding, we’re making it as frictionless as doable for thousands and thousands of Salvadoran residents to entry tokenised funding merchandise.”
El Salvador handed its groundbreaking Digital Asset Issuance Legislation in January 2023 to foster monetary innovation and progress. In April 2023, Bitfinex Securities turned the world’s first worldwide digital asset platform to be licensed as a Digital Asset Service Supplier beneath this framework. It has since labored carefully with El Salvador’s regulators to drive new issuances.
About Bitfinex Securities
Based in 2021, Bitfinex Securities seeks to harness the technological developments of the digital asset trade to rework world capital markets. With real-time settlement, 24/7/365 buying and selling capabilities, entry to world liquidity, and assist for self-custody, Bitfinex Securities goals to create extra environment friendly, cost-effective, and seamless interactions between buyers and issuers. Bitfinex Securities is regulated in Kazakhstan and El Salvador.
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