News Elevated Returns Will Sell $1bn in Real Estate with...

Elevated Returns Will Sell $1bn in Real Estate with Tezos Blockchain


- Advertisment -

Asset digitisation company Elevated Returns (ER) announced on Monday that it has chosen the Tezos blockchain to launch its real estate investment offering.

The company says that it plans to tokenise $1 billion-worth of real estate and put it on to the blockchain.

Asia Trading Summit – The Leading Investment Event in China

“There is no better solution than working on a Tezos-based token implementation,” said Stephane de Baets, President of Elevated Returns. “We have a number of very high-profile deals lined up and we could not afford to compromise the technological product.

ER already has some experience in tokenising real estate.

In October of last year, it sold the St Regis Aspen Resort, a hotel in the Colorado skiing town, for $18 million over the blockchain.

On that occasion, however, the firm used the ethereum blockchain to carry out the transaction.

The company said that it has decided to switch to Tezos as it provides a better set of solutions for asset tokenisation.

With help from the Tocqueville Group

Users of the Tezos blockchain, which has a particular focus on smart contracts, make transactions in the XTZ cryptocurrency.

The Tocqueville Group, a company which supports businesses that want to use the Tezos blockchain, will be assisting ER as it starts to sell real estate.

“We are extremely excited to assist Elevated Returns,” said Alison Mangiero, President of the Tocqueville Group (TG). “Tokenized real estate is a strong use case for Tezos and a real-world example of what is possible with blockchain technology.”

Alongside Mangiero’s firm, ER will also be working with Securitize – a compliance company that works specifically on asset digitisation.

Securitize will be working with both ER and TG to ensure that any assets the former company adds to the blockchain are compliant with any regulatory requirements.

“Having worked closely with regulators and local authorities around the world, we understand the need for the highest security and compliance features,” noted de Baets. “With the Tezos-powered solution and its integration in the Securitize portal technology, we feel we have a total solution.”



Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Elevated Returns Will Sell $1bn in Real Estate with Tezos Blockchain

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you