CoFund tokenizes $10M hotel in Bali via Tokeny
On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali.
According to Tokeny, investors can own a piece of the hotel starting with a minimum investment of $1,000. Luc Falempin, CEO of Tokeny, commented:
Meanwhile, Giri Kayogiswara, CEO of CoFund, added:
Tokeny's infrastructure allows issuers to access fully auditable and immutable capitalization tables of securitized tokens directly on the blockchain. It also supports real-time distribution and transfer of tokens to investors.
On Feb. 22, Tokeny facilitated the launch of a tokenized venture capital fund created by Spanish business podcast Emprendeduros. Investors could participate in the private equity placements with a minimum purchase of 500 euros ($545). Digital fund shares will then be deposited to investors' digital wallets, with the entire process being digital. Last January, Tokeny received a 5 million euro ($5.45 million) investment led by Inveniam, Apex, and K20 Fund. The company is currently headquartered in Luxembourg.
Magazine: Tokenization, Listings, and Trading Trends with Yoni Assia (eToro)
Read more on cointelegraph.com
