Bitfinex Derivatives has officially secured a Digital Asset Service Providers (DASP) license, allowing them to operate in El Salvador. This move is aimed at transforming the country into a central financial hub within Latin America. It marks a significant shift for Bitfinex, as they relocate from Seychelles to leverage the new opportunities presented by El Salvador’s progressive crypto regulations.

El Salvador’s adoption of new digital asset laws has opened doors for Bitfinex to tokenize various assets under the local legal framework. Despite past challenges in securing funds, such as failing to reach the funding goal for a Hilton hotel tokenization project, the new licensing regime simplifies fundraising and investing, benefiting both companies and investors.