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.