Token trading platform Templum Markets has established A sale of a security token on behalf of a favorite Colorado hotel. Accredited investors are now able to indirectly own shares from the St. Regis Aspen Resort by buying so-called Aspen coins throughout the regulated agent, the company announced Wednesday. Templum will accept U.S. Dollars, bitcoin and ethereum from investors looking to own shares in the company. Aspen coins represent shares in the hotel by means of a holding company, based on a press release.
Put simply, each token is backed by the hotel itself, though it’s in fact owned by a holding company and run by asset management company Elevated Returns. Templum Markets Chief executive officer Vince Molinari told CoinDesk that accredited investors could get A private placement sale for your Aspen coins by enrolling throughout the startup’s platform. Each token provides investors with economic interest equivalent to one common share of the Aspen Digital, Inc. Single asset REIT, inclusive of suffrage and the REIT’s income distributions, he said.” . Elevated Returns founder and chairman Stephane De Baets said in a statement which the coins represent a transformative way to invest in real estate, and a distinctive method of storing wealth.
She added: We believe that the model of symbolism in the field of real estate has huge possibility in that it brings liquidity and disintermediation to the world’s biggest asset class.” . St. Regis Resort sign picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet which strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.