Real Estate Worth $1B to be Tokenized with Tezos

Elevated Returns President Baets noted that the Tezos blockchain is better for the assets tokenization than Ethereum
12 February 2019   631

The company Elevated Returns has presented a new project on real estate investment. It will tokenize $1B real estate assets using the Tezos blockchain. This is stated in official press release.

Elevated Returns President Stefan De Baets noted that the Tezos blockchain is better suited for the tokenization of assets than Ethereum.

We are thrilled to select Tezos to provide investors with the highest security and compliant tokenized real estate offering experience possible. Having worked closely with regulators and local authorities around the world, we understand the need for the highest security and compliance features. There is no better solution than working on a Tezos-based token implementation. We have a number of very high-profile deals lined up and we could not afford to compromise the technological product. With the Tezos-powered solution and its integration in the Securitize portal technology, we feel we have a total solution.
 

Stephane de Baets

President of Elevated Returns

Among the partners of Elevated Returns there are Tocqueville Group and the startup Securitize, which deals with the legal correspondence of all tokenized assets placed on the blockchain.

In October 2018, Elevated Returns raised $ 18 million during the first deployment of security tokens (STO) on the crowdfunding platform Indiegogo. Each coin represents a share in the investment fund of the St. Petersburg Resort Hotel. Regis Resort Aspen in Colorado.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.