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St. Regis Aspen Resort tokenizes capital using the Tezos Blockchain.

This innovative decision means that real estate holdings will be replicated by digital tokens, which could open the door to new investment opportunities.

Date: 2024-02-28 Author: Marek Stiller
St. Regis Aspen Resort tokenizes capital using the Tezos Blockchain.

Stephane De Baets, an Aspen entrepreneur, co-founded the hotel ownership exchange RSVR, which works with the Tezos blockchain to tokenize some of the equity in the St. Regis Aspen Resort.

Investors tZero Group, Elevated Returns and Science Ventures are backing the tokenization project, according to a press release from Cryptonews.com. This allows investors to gain equity in the hotel and a unique opportunity to exchange tokens for room stays.

Approximately 5% of the St. Regis Aspen Resort’s capital is expected to be sold through tokenization in March. These tokens will be tradable on the secondary market of the tZero platform.

RSVR chose to tokenize St. Regis Aspen Resort’s equity through the Tezos network due to its stability, scalability and energy efficiency. The press release stated that “the shares will use Tezos blockchain technology to provide exceptional informational transparency of the issuer’s capital structure.”

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De Baets said: “We are seeing a lot of demand for adding a redemption feature to the equity position.” “In addition to locking in room prices forever, you are also recognized as an owner and have access to many privileges and benefits.”

BlackRock CEO Larry Fink has repeatedly emphasized the potential of using blockchain technology to tokenize assets, saying, “the prospect of increasing efficiency in the capital market, shortening value chains, and improving costs and access for investors.”

In addition, the pace of debt tokenization has also increased over the past year.

“There have been several debt tokenization initiatives in 2023, including the Goldman Sachs Digital Asset Platform and HSBC’s launch of the Orionplatform,” said Ralf Kubli, a board member of the Casper Association.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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