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Blockchain Real Estate Fund Receives Regulatory Approval In Liechtenstein

Tolu Ajiboye by Tolu Ajiboye
January 24, 2020
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Financial authorities in Liechtenstein have approved a tokenized real estate fund. The company, AARGOS Global Real Estate Fund, now has official permission to use security tokens on a blockchain.

Further details show that the approval given is for an alternative investment fund (AIF) by the Liechtenstein Financial Market Authority (FMA). The new AARGO security tokens are powered by the Ethereum blockchain. Ownership of one AARGO security token directly translates to one share of the fund.

Blockchain company Token Factory announced that it developed the “secure and scalable tokenization solution” for the fund, which is now “powering the first regulated real estate fund in Europe.”

In a conversation with CoinDesk, Token Factory managing director Bastiaan Don said that the use of blockchain technology is an amazing leap forward, for the sector in general. According to him, there is more transparency and security and the funds cannot be manipulated. He also added that there is more flexibility as well.

“[You could] easily integrate with, for example, lending applications, so you can get some liquidity out of your tokenized assets.”

The exec also spoke on the benefits of a public blockchain instead of a private one. According to him, people who are using private chains “will realize that they are missing out on all the fun and great applications that are built on public blockchains.”

A Tokyo-based merchant bank announced in November a deal to tokenize real estate in Estonia.

Image Credits: Pixabay

Tags: AARGOS Global Real Estate FundBaastian DonEstoniaethereumLiechtensteinLiechtenstein Financial Market AuthorityToken Factory
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