SECURITY token issuance platform Smartlands has launched its first crowdfunding project.
The security token offering (STO) is offering shares in a student accommodation complex in Nottingham that will pay approximately 5.74 per cent per year to investors.
Investors can purchase tokens for a minimum of £500 using any fiat currency or cryptocurrency accepted on Smartlands.
“At Smartlands we’re rethinking traditional finance models by building a global ecosystem that democratizes access to alternative investments and opens opportunities to higher-yield projects,” Ilya Obraztsov, vice-president of technology for Smartlands, said.
“By connecting blockchain and the real economy, we create new opportunities for retail investors to participate in institutional-grade deals with a much lower buy-in threshold. And we have our first STO to show for our efforts.
“The student complex in Nottingham is the first tokenised property in the UK, to be followed with new offerings of blockchain-based securities backed by assets in real estate and other markets.”
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It comes after Smartlands merged with Shojin Property Partners last month.
The partnership aims to enable 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.