š El Salvador is set to become a leader in financial technology with the establishment of the first bitcoin-based capital markets infrastructure firm, developed by Nexbridge and Nexplace. This initiative, backed by an $8 million Series A funding round led by Fulgur Ventures, aims to launch trading platforms by the second half of 2025.
We chose El Salvador because it offers legal certainty, openness to innovation, and a clear political will to become a next-generation financial center,
said Michele Crivelli, CEO of Nexbridge and Nexplace. He emphasized the importance of demonstrating that digital assets can be issued securely from this country.
š The new infrastructure will provide access to bonds and equities and facilitate capital raising through token shares using bitcoin. Crivelli noted that while building such an innovative platform takes time, El Salvador's regulations offer the necessary tools to
do it right.
š Stacy Herbert, Director of the National Bitcoin Office (ONBTC), highlighted the potential for this development to transform El Salvador into a global bitcoin-based financial hub. She remarked,
Just as Switzerland once built its financial reputation on gold, El Salvador can do the same with Bitcoināleveraging its brand, regulatory clarity, and leadership.
š This initiative follows the recent launch of El Salvadorās Artificial Intelligence (AI) Lab powered by Nvidia technology, marking the country's commitment to innovation and technological advancement.
