Leaseum Partners, a New York-based blockchain-powered real estate fund has chosen to partner with Tokeny, a Luxembourg-based fintech firm. Leaseum Partners seeks to use Tokeny’s end to end platform for token creation and management to launch a $250 million tokenized real estate portfolio that will be focused on income producing commercial properties in New York City.
Leaseum Partners needed a platform partner with a primary focus on high quality delivery, low risk execution and with a long term vision. This is what the Tokeny team offers according to the CEO It also couples the blockchain related technology with skills from the traditional securities world.
Tokeny is also excites about the partnership as Tokeny CEO, Luc Falempin stated that the company is thrilled to be working with an exceptionally high caliber team at Leaseum Partners to utilize blockchain for investment.
By tokenizing real estate, Leaseum Partners are enabling retail investors to have fractional ownership of a high-cost investments. This will lower the barrier for entry into the lucrative commercial property investing class. Blockchain incorporation into the real estate sector will also provide greater liquidity to a market that has in the past, been fairly illiquid. Ultimately, Leaseum Partners aims to democratize real estate investment, making it an investable asset class regardless of capital an advantage to retail investors.
Leaseum Partners CEO, Steve Sillam commented saying that they have brought together world class real estate portfolio management with the benefits security tokens can offer. He stated that token holders will get access to a portfolio of New York City real estate that is professionally managed and that they will receive dividends and their share of the realized capital gain once the properties have been sold. Real assets will back the token.
Investors’ returns will be delivered through smart contracts on the Ethereum network and dividends will be paid out every quarter in either cryptocurrencies or fiat currencies. Leaseum token holders are also promised benefits from capital gains rights, dividend rights and voting rights while enjoying greater liquidity from their investment.
Aiai Garcia, Asian head of ConsenSys Solutions announced in an interview that the company is also launching a blockchain-based real estate fund in the Philippines to provide more opportunities in real estate.
Tokeny is an advanced ICO Platform that connects smart investors with fast-growing blockchain companies to help projects raise funds and accelerate their user adoption.
About Leaseum Partners
This is the first Blockchain based NYC real estate fund paying out dividends. It provides investors with flexible access to a portfolio of US Real Estate. It has a track record of managing more than $20 billion in assets.