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   442

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.

South Koreans to Invest in Crypto Actively

In addition to the investment amounts, the share of those interested in investing in digital assets also increased
22 April 2019   84

The average amount of investments in cryptocurrency from South Korean invesetprs is $ 6,100, which is 64% more than last year, Cointelegraph reports.

According to a survey conducted by the Korean Fund for the Protection of Portfolio Investors, in addition to the investment amounts, the percentage of those interested in investing in digital assets also increased. Thus, 7.4% of the 2500 respondents have already acquired cryptocurrency (last year there were 6.4% of those). It is noteworthy that this figure has increased, despite several major break-ins of the South Korean crypto exchange, as well as tougher regulation of the industry.

Analysts connect the market with a recent bitcoin price jump and hope for a new bull rally.

Recall recently it became known that 94% of trust capital funds invest in cryptocurrency.