Aspencoin To Upgrade $18 Million Token Issuances To The Securitize’s DS Protocol For Compliance
Aspencoin Has Gone Ahead To Upgrade $18 Million Token Issuances To The Securitize Platform
The Aspencoin company has gone ahead to announce that it will soon be upgrading their securities token that is worth $18 million. With this amount, it equals an equity portion that is of the St Regis Aspen Resort that is situated in Colorado, which has been valued to be at $224 million. With all this, it will be managed by the Securitize platform.
The Securitize DS Protocol will power the insurance for this particular move, thus, this will ensure it has made it all tradeable in a compliant way that will be used in different marketplaces and exchanges.
With this digital security, it is representing a very unique opportunity for the investors in the market as they will be able to easily purchase fragmented and indirect equity ownership straight to the Aspen St. Regis, one that has been considered to be an iconic ski resort.
The founder and the President of the Aspencoin and the Elevated Returns, Stephane De Baets, went ahead to say that their primary mission is to ensure they have created an ecosystem that can be used in the real estate that is within the crypto world. She goes on to say that they want to enable the different investors in the market to benefit from transparency, liquidity, and accessibility of digital assets in the real estate sector.
What To Know About The Aspencoin?
The company was created by the hospitality centric asset management company, referred to as Elevated Returns. A company that has been regarded as the pioneer of the trophy real estate tokenization.
Carlos Domingo, who is the CEO and the Founder of Securitize went on to say that the luxurious features that surround digital securities, the likes of investor relationship automation, the efficient capital formation, liquidity, and codded compliance has been able to manifest very well in the large companies within the market.
As a result, they are very excited to finally see the rollout of the tokenization that is taking place, this is of the St Regis Aspen Resort.
In October last year Aspencoin went ahead to close their digital securities sale, thus, with the new sale, it will not generate any new digital securities that could be sold. If you are interested in buying the Aspencoins, you will be able to do so as soon as they get listed on the compliant digital security exchanges and marketplaces.
Domingo goes on to say that they are very excited to help the industry as it transitions from the legacy technology streams to the fully decentralized ledgers that will be more transparent, easily auditable and also incorporate features such as the instant transfer of settlements when getting digital security ownership, like the real estate.
The Securitize company was able to raise $12.75million just recently; this was all in funding that came from the top-tier investors within the blockchain technology, this is including Coinbase, Blockchain Capital and the Xpring that is at Ripple. With these funds, the company will be able to digitize the legacy securities around the globe.