El Salvador will issue $1 billion in bonds on Blockstream’s Liquid Network, a federated Bitcoin sidechain, according to a statement sent to Bitcoin Magazine. The proceedings of the bonds will be split between a $500 million direct allocation in bitcoin and an investment of the same amount in building out energy and bitcoin mining infrastructure in the region. The move seeks to attract capital and investors to the Central American country.
“El Salvador also aims to create a government securities law and grant a license to Bitfinex Securities to process and list the bond issuance,” per the statement. “This could pave the way for other Liquid security tokens like the Blockstream Mining Note (BMN) or Exordium (EXO) token to be listed on a regulated El Salvadorian securities exchange.”
