Tokeny, a tokenisation infrastructure provider, has partnered with CoFund, an Ethereum real-estate tokenisation marketplace, to tokenise a luxury hotel in Indonesia.
The $10 million hotel sits on the island resort of Bali, and will be tokenised using ERC-3643 security tokens on the Polygon network.
Luxembourg-based Tokeny said that investors will be able to buy a piece of the hotel through a minimum investment of $1,000.
Luc Falempin, CEO of Tokeny, said: “Simple ERC-20 tokens and NFTs don’t meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our partners can enforce compliance, even on a permissionless blockchain.”
Tokeny’s infrastructure gives issuers access to fully auditable and immutable capitalisation tables of securitised tokens on the blockchain. The company also supports real-time transfers and distribution of tokens to investors.
Giri Kayogiswara, CEO of CoFund, said: “With Tokeny’s proven platform, we can create a secure and accessible real estate investment market that meets the needs of all types of investors while ensuring compliance. This collaboration takes us one step closer to realising our vision of a global real estate investment market.”
In February, Tokeny made possible the launch of a tokenised venture capital fund for Spanish business podcast Emprendeduros.
Investors were able to partake in private equity placements through a minimum purchase of 500 euros.
Last January, Tokeny bagged a 5 million euro investment led by Inveniam, Apex, and K20 Fund.
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