The company Elevated Returns raised $18 million during the first placement of security tokens (STO) on crowdfunding platform Indiegogo. This writes the CCN.
Accredited members STO invested in security-tokens of standard ERC-20 Aspen Coin backed by real estate. Each coin represents a share in the investment Fund resort St. Regis Aspen Resort in Colorado.
The owners of Aspen Coin can sell the coins only through a broker Templum Markts LLC, regulated by the Commission on securities and exchange Commission (SEC) and the regulatory authority financial industry (FINRA).
“The closing of Aspen Digital, not only marks the entry of new asset-backed coin, but is an example of tokenization in real estate”, — said the Director Elevated Returns Jason kirschenbaum.
He also expressed the hope that in the future the blockchain will bring transparency and liquidity to the real estate market.
We will remind, in August the team Indiegogo announced that it plans to post on the site security-tokens that are secured by real estate.