Indiegogo has publicized that it will expand its promising ICO listing service to comprise security tokens, and the initial such offering is now flying live via its platform.
The opening security token obtainable through Indiegogo’s Initial Coin Offering platform is St. Regis Aspen Resort, a top quality hotel in Colorado’s Rocky Mountains. The ICO, which is regulated to accredited financiers will allow investors to buy Aspen Coins, which signify tokenized bonds in a single-asset REIT (real-estate investment trust) produced solely for the purpose of preserving the $18 million in St. Regis Aspen bond made obtainable via the sale.
According to Stephane de Baets – President and Founder of Elevated Returns, the asset management company that has possession of the resort, “STO (Security token offerings) are the tool of the future, a device intended to uphold prosperity by using income-producing digital properties. By enabling access to investment in traditional possessions like real estate, we are building a new opportunity for financiers to explore a proprietorship stake which previously can only be accessible to private shareholders and high net worth personalities. Indiegogo is a well-known and reliable name in alternate funding and crypto, thus making them an improbable partner for us to ride on their influence, global audience and experience”.
Eligible investors can donate to the St. Regis Aspen Initial Coin Offering using BTC, ETH or USD. Aspen Coins are arranged as ERC-20 tokens, which means that they can be stored in an Ethereum wallet. Though, due to FSR (Federal Securities Regulations), they might only be traded via an SEC-registered ATS (alternative trading system) handled by Templum Markets LLC, broker-dealer who oversees the ICO incorporation with Indiegogo.
Slava Rubin, a Co-founder of Indiegogo said, “We have always endeavored to foster novelty and provide our users with the right to use some of the best novels and interesting ideas and products and from all over the world. With the blockchain uprising underway, we are happy about the world-changing influence and perspective of security tokens. Our objective is to offer an entree point to our developing network of millions of clients and the prospect to own a scrappy interest inside the St. Regis Aspen Resort”.