$18 Million Raised for Security Token Offering by St. Regis Aspen Resort

millions raised in security tokens Investment
Thursday May 16, 2019

$18 Million Raised for Security Token Offering by St. Regis Aspen Resort

Elevated Returns, a hospitality-focused asset management company, recently announced the closing of the Aspen Digital real estate token sale, which raised $18 million via Blockchain Crowdfunding in Security Token Offering.

The St. Regis Aspen Resort is an internationally renowned destination, known for luxury arrangements with high-quality amenities and outlets. The resort features many conference and banquet venues with spectacular views of the Rocky Mountains.

Aspen Coins; $18 million raised, the tokenized securities sold on crowdfunding platform Indiegogo, expose investors to Colorado’s St. Regis Aspen Resort. Aspen Coins present holders with the unique opportunity to gain an indirect fragmented equity ownership stake in the iconic property.

Each Aspen Coin was sold for $1. Any investors participating in the deal were required to be an accredited investor and purchase a minimum of 10,000 Security Token. Aspen Coins adhered to the ERC-20 token standard.

The Tokenization of Traditional Assets, $18 million raised

The St. Regis Aspen Resort has clearly played a historic role in the tokenization of traditional assets, especially the tokenization of real estate.

According to Director at Elevated Returns, Jason Kirschenbaum,

“The Aspen Digital closing not only represents a new coin on the market that is asset-backed, it also establishes a blueprint for future real estate tokenization. The future of real estate investing is one that provides global exposure, transparency, public access and liquidity, all of which are elements that can be delivered through blockchain technology.”

The Role of Indiegogo

Indiegogo played an imperative role in this deal, providing a distribution platform for accredited investors to purchase tokens. Indiegogo was able to list the tokens through a partnership with Templum Markets LLC, a FINRA and SEC-registered operator.

According to Co-Founder of Indiegogo, Slava Rubin,

“We predict a rise in the potential and demand for tokenized securities, because digital ownership on the blockchain provides so many advantages over legacy investments, and tech-savvy investors are seeing the value proposition in real time. This addition to our business is just a natural extension of our vision for a crowd-financed world.”

Ultimately, tokenization of the St. Regis Aspen Resort marks a significant shift in the nature of asset ownership, as tokenized assets provide investors with a plethora of benefits. For more information about the St. Regis Aspen resort, see the video below.

Vairt Platform

Vairt is a crowdfunding platform for tokenization and liquidation of the real estate assets through blockchain. And all-in-one solution for property handlers to efficiently manage their properties. We offer transparent access to projects which will generate enough income to not only cover your expenses but also enable you to save for your future as well.

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