Headlines
1) Telos will tokenize $35 million of Croatian seafront real estate
2) Aspen launches on tZERO amid record security token volume
Reading Notes
Telos will tokenize $35 million of Croatian seafront real estate
“We are at the dawn of tokenization revolutionizing the real estate industry.”
Telos has announced that it would be working with Dapp development platform Katalyo to tokenize $35M worth of Croatian properties.
Telos — one of the most active blockchains in the world in terms of transactions — said Katalyo would be issuing two tokens for each participating seaside property. One token would represent ownership of the real estate, and the second would be a fiat-based stablecoin generated from rental revenue.
Telos is a smart contract platform that supports the creation of decentralized applications and decentralized autonomous organizations running on EOSIO, the software underlying the EOS blockchain. It is the second most active blockchain according to Blocktivity, with more than four million users over the last 24 hours.
Aspen launches on tZERO amid record security token volume
An important step toward unlocking liquidity to quality real estate projects, which has the potential to open the door to a $6 trillion commercial real estate market.
Digitizing and trading private securities like Aspen will be the future model that will enable broader investor access, provide liquidity optionality, and reduce cost of capital.
Aspen (ASPD), the security token representing fractional ownership in the St. Regis Aspen Resort — a five-star 179-room hotel in Colorado, has commenced trading on the tZERO alternative trading system.
Elevated Returns plans to tokenize a further $1 billion worth of real estate projects using Tezos’ FA1.2 smart contract standard in the future.
July was also a particularly strong month for real estate tokens, with the nine property tokens traded on RealT’s secondary markets posting gains of between 7% and 35%.
https://cointelegraph.com/news/aspen-launches-on-tzero-amid-record-security-token-volume
