Monday, September 17th 2018
Realecoin Launches New Security Token Using Securitize Platform
Realecoin™, the world’s first real estate fund built on the Ethereum blockchain, announces a partnership with Securitize, the compliance platform for digitizing securities on the blockchain, to facilitate a distribution of tokens and the management of its offering.
The Realecoin Token, RC™, is planned to represent a fractional ownership interest in Realecoin, a diversified real estate fund. The Realecoin token is designed to provide liquidity to an otherwise traditionally illiquid investment vehicle. Realecoin aims to addresses the challenges of liquidity, transparency, and accessibility in the real estate industry through this method, and these ideals are echoed in Securitize’s market aims. Realecoin provides holders of cryptocurrencies, and other investors, the opportunity to buy into a fully compliant tokenized real estate investment fund that invests in multi-family assets and non-performing mortgage loans across the United States.
“We at Realecoin have aimed to build a product that first and foremost benefits our investors,” said Andy Strott, Co-Founder of Realecoin. “We have partnered with leading experts in the field in an effort to ensure a compliant, secure and successful product. With the help of our partner Securitize, a pioneer in this industry, we plan to stay at the forefront of blockchain technology as this industry grows and develops, always striving to implement the most advanced aspects of it for our investors.”
“Realecoin offers a unique investment opportunity through the tokenization of real estate assets, usually considered to be a very illiquid asset,” said Co-Founder and CEO of Securitize, Carlos Domingo. “The management team’s lengthy track record, alongside their commitment to regulatory compliance makes this an exciting venture for Securitize.”
Realecoin is a tokenized real estate investment fund. It seeks to acquire income-producing, institutional-quality, multi-family housing units that need redevelopment or renovation, as well as distressed mortgage debt across the United States. Realecoin aims to differentiate itself from other cryptocurrency projects because its token, RC, will derive its value primarily from real assets in the physical world that generate income and are expected to increase in value over time. Realecoin token holders are entitled to their pro-rata share of distributions of income and net revenues from future sales in the real estate portfolio.
ABOUT SECURITIZE, INC.
Securitize is a software compliance platform for issuing and managing digital securities (security tokens) including dividends, distributions, and share buy-backs on the blockchain. Securitize™s innovative Digital Securities Protocol (DS Protocol) enables seamless, fully compliant trading across multiple markets simultaneously. As a market leader, Securitize is heavily invested in the overall security token space and actively partners with exchanges, broker-dealers, custodians of crypto, escrow services, and other financial infrastructure for security tokens.
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