Blockchain App Factory Cracks Three Deals: Legally Compliant Tokenization of Real-estate Worth USD 225 Mn.
Blockchain App Factory is one of the first movers into the cryptocurrency development market, creating tokens which are classified as securities under regulations
SINGAPORE, Nov. 15, 2018 /PRNewswire/ -- Blockchain App Factory, one of the pioneers in the asset-backed tokens, is executing three deals worth 225 Million USD in the commercial real estate segment. The firm is launching industry-specific asset tokenization platform to capture the 8.5 Trillion USD real estate market. Security Token Offerings thrive because tokenized assets are regulated by federal bodies with a legal framework in place, and are said to raise global capital by liquidating & tokenizing assets.
"STOs' key focus is on the regulations' sphere, albeit, technology will also follow suit to help the industry thrive. Our team of developers with adept technical know-how has developed tokens that are regulatory compliant, across jurisdictions," stated James, Director of Business Development, Blockchain App Factory.
The tokens which are in agreement with the legal framework have garnered the most reception amongst institutional investors, fund managers and accredited investors. Due to the lack of clarity in terms of regulations, investors have been hesitant to invest in ICOs.
Since it is backed up by securities and is within the regulatory framework, they have expressed interests in investing in the Blockchain & Cryptocurrency landscape. This helps startups and new entrepreneurs raise funds in accordance with the requirements of the governmental institutions. Security Token Offering would provide higher transparency, lower costs and faster transactions than traditional financial methods.
"Though a standardization in token protocols is much needed, we believe that it must be carried out on blockchains such as Hyperledger and Stellar. We intend to draw a great deal of customized smart contracts on Ethereum platform in order to further optimize gas prices." - James, Director of Sales, Blockchain App Factory.
Tokenization of real estate requires a secure, scalable and cost-efficient blockchain architecture. Blockchain App Factory brings consultants with tantamount experience in the field of Auditing, Finance, and Law to offer end-to-end solutions. From being a technology start-up to an emerging giant in the Blockchain segment, the firm underwent a radical transformation, learning the ropes of the legal intricacies, in order to make STOs, a regulatory-friendly token.
With the acquired three deals and many more to add in the pipeline, the cryptocurrency market will be more regulatory compliant to raise global funds. It would no longer be surprising to come across tokenizations of Art, Gold, et al. more often than not.
Now that Blockchain App Factory has gained momentum, various industries are looking forward to establishing a partnership for Legal, Technological and Financial guidance on asset-based tokens / STOs, in the not too distant future.
For more information please visit our Tokenized asset offering services section.
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
SOURCE Blockchain App Factory
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