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$66 Million Building to Be Tokenized on Ethereum Blockchain in Record Deal – CoinDesk

 

A security token merely means an issuer is selling a crypto token in compliance with securities laws. But with a tokenized security, “it’s a whole different world,” where blockchain technology gives investors an unprecedented level of transparency, said O’Meara, chairman and chief executive officer of Inveniam Capital Partners (ICP).

ICP is about to put this idea to the test. The company plans to tokenize some $260 million in four private real estate and debt transactions, starting with a WeWork-occupied building in downtown Miami, Florida. Announced Tuesday, the firm intends to sell tokenized shares of the building, valued at $65.5 million, likely the largest piece of real estate to be financed this way to date.

Source: $66 Million Building to Be Tokenized on Ethereum Blockchain in Record Deal – CoinDesk, Nikhilesh De, February 26, 2019