Inversiones Laguardia S.A. de C.V. aims to raise US$6.25 million to fund the construction of a Hilton-branded hotel complex at the El Salvador International Airport by selling digital tokens representing debt in the project. The tokens will trade on Blockstream’s Bitcoin-based Liquid Network through Bitfinex Securities’ El Salvador platform. (The Logic)

Talking point: Montreal-based Blockstream has been a major supporter of El Salvador’s Bitcoin experiment. In 2021, the country became the first in the world to adopt the digital asset as legal tender, to the alarm of the International Monetary Fund. El Salvador President Nayib Bukele—the self-proclaimed “world’s coolest dictator”—went on to announce plans to issue a US$1-billion “volcano bond” on Liquid to fund energy and Bitcoin mining infrastructure. The bond received regulatory approval in December, but has been delayed multiple times. Hilton has not endorsed the offering “and is only a franchisor,” according to a release from Bitfinex Securities.