SHOJIN Property Partners is in merger talks with security token issuance platform Smartlands.
The property investment platform said on Thursday that the new partnership will enables qualified retail and institutional investors from around the world to fund projects on the Smartlands Platform via cryptocurrency or fiat currencies.
The merger would give Smartlands full regulatory permissions under Shojin Property Partners’ permissions.
“The move makes Smartlands one of the first fully regulated platforms for the issuance of security tokens,” said Arnoldas Nauseda, chief executive of Smartlands Platform.
“Our first security token offering is already underway on our platform. The private sale is ongoing, and the public one will commence in early May.”
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Shojin Property Partners launched in September 2017, connecting developers in need of equity funding with sophisticated and high-net-worth investors. Since then it has expanded into debt funding and a range of new products, including buy-to-let mortgages and mezzanine finance.
As well as listing on its own platform, Shojin Property Partners will also provide property investment opportunities on the Smartlands platform as part of the deal.
It is intended that by issuing tokens, in time the tokens can be traded on a secondary exchange bringing considerable liquidity to the market.
“It is now apparent that the future of investing is in tokenisation of real estate and other hitherto illiquid asset classes,” said Jatin Ondhia, chief executive of Shojin Property Partners.
“Now all our clients can move towards investing on the blockchain-based Smartlands Platform, which makes subsequent trades on the open market fast, cheap, secure, and transparent.”