In the recent past, there were always projects, put the houses or plots of land on the Blockchain. The property itself remained here, in their place, however, investors were given the opportunity to acquire part of the land in the Form of a Token. In Thailand, this Trend is continuing, this Time an entire theme Park ended up on the chain.
By Anton Livshits
12. November 2019 BTC $ 8,099.06 -0.83% part Facebook Twitter LinkedIn xing mail
A Security Token Offering (STO) is a means of capital acquisition, in which a company sells shares or participation rights in the digital certificated Form (as a Token) to investors. A theme Park in Thailand Pattya now wants to wash it down with a STO money in their own pockets. The responsible for implementation of companies Via East West Capital announced the STO-9. November.
The Legend of Siam Theme Park is approximately 26 hectares large and offers space for 20,000 visitors. The appearance of the Park is modeled after the traditional Thailand. In addition to various rides and demonstrations, he attracts its visitors with local cultural and culinary Offerings. Overall, the Park has a value of 131 million US dollars. By the Security Token Offering, the Park operators want to collect 50 million dollars.
Via East West Capital considers Security Token Offerings as “an Investment for the future”
The created “Legend Thai Coin” is on the private Blockchain Via East West Capital (VEWC) available. Also, foreign investors receive the opportunity to invest in the theme Park. VEWC registered by the STO for this purpose, in the case of the US financial authority SEC.
In his Statement on the launch of the STOs, said Shen King, CEO of VEWC, on the Whole optimistic about the future of digital Assets. Finally, the tokenization will be allowed to bring values such as real estate, in liquid Form, the former as a non-accumulated were. Consequently, for King:
We predict a rise in the potential and the demand for tokenized securities, as the digital ownership on the Blockchain offers so many advantages over conventional investments and tech-savvy investors with the promise of the value in real-time.
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The Thai theme Park is not the only project where a plot of land on the Blockchain is to be set. Rather, about the real estate company Alliance Investmens, a building worth 500 million pound plans to transform in Token Form. The beginning of a complex of luxury, to make apartments in Manchester, UK.
in this country the business of real estate Token is slowly. The Start-up Foundation Group launched in Germany, the first such offer. Last October, it received a whopping financial boost from the real estate giant Bauwens.
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