AndX Global Announces $100 Million Manila One Tokenized Land Offering

AndX Global on October 29, 2026 unveiled Manila One, a $100 million USD-denominated tokenized offering tied to the development of about 54 hectares of waterfront land near Bonifacio Global City in Metro Manila, according to the company’s announcement. The company describes Manila One as the first tokenization of a large-scale, development-stage land project opened to investors worldwide from day one. The offering is originated in the Philippines, structured through a U.S.-based investment framework and built for distribution to eligible investors globally, and the AndX website presents Manila One as the platform’s first real-world-asset offering.

“Tokenization without liquidity is simply digitized illiquidity,” said Viru Raparthi, CEO of AndX Global. “Manila One changes that model by giving global investors access at the development stage, while building toward real liquidity.”

Behind the offering is an end-to-end model the company says it intends to apply to other asset classes, running from origination through U.S. structuring, digital issuance, global distribution and custody to secondary trading, with AndX Global providing the technology, tokenization, exchange, custody, payments and distribution infrastructure. The company describes itself as a financial technology company whose infrastructure spans licensed digital-asset trading, payments, tokenization, custody and liquidity.

Offering Terms and Disclosures

The announcement lists an offering size of $100 million and a three-year term, with a preferred return of 8% per year, simple and non-compounding, stated as 24% over the three-year term. It also states an additional upside of a 100% return on investment tied to appreciation of the underlying land, subject to offering terms. The indicated land value is more than $200 million, per Cuervo Valuers & Advisory, Inc., in an appraisal dated February 3, 2026.

The company states the offering is open to eligible retail and institutional investors in more than 190 countries, subject to applicable law, and is priced and reported in U.S. dollars. Each token represents an economic interest in the development-stage project, with digital custody and blockchain-based recordkeeping, and the offering is designed for secondary trading on regulated AndX exchanges globally.

The official Manila One offering page describes the token as a senior secured instrument under which token holders receive all payments until principal and the minimum preferred return are paid. That page states a hybrid return structure of the greater of a 24% minimum preferred return or 20% participation in the increase in market value, with $100 million in tokens backed by land valued at more than $200 million and a three-year maturity.

The announcement states that the communication is not an offer to sell, or a solicitation of an offer to buy, any security, and that any offering will be made only under applicable securities laws and through definitive offering documents. It states that the preferred return is not guaranteed, that statements about liquidity, secondary trading, returns, appreciation or future value are forward-looking, and that secondary trading, if available, will be subject to securities laws, regulatory approvals, transfer restrictions and the availability of an appropriate venue. Securities-related activities in the United States, where applicable, will be conducted through appropriately registered entities, the announcement states.

Site, Custody and Project Team

The project centers on about 54 hectares of waterfront land roughly 5 kilometers from Bonifacio Global City, which the announcement calls Metro Manila’s leading business district. Proceeds will fund horizontal development, including roads, utilities, drainage and other core infrastructure, to prepare the site for future residential, commercial and mixed-use construction, with a later phase planned to include affordable housing. The offering page names the project the Rizal de Manila Development, describes it as one of Metro Manila’s last major waterfront and large contiguous undeveloped properties, and lists the site at 54.4 hectares, or 540,000 square meters.

According to the offering page, the site sits between Laguna de Bay, the Pasig River and the government-funded C-6 expressway, which runs directly through the property, and the C-6 Road Extension, the Laguna Lakeshore Road Network and the MRT Line 4 Extension are listed as ongoing infrastructure projects in the immediate area, with the Pasig River Expressway listed as proposed. The page cites a current pre-improvement market value of 23,300 Philippine pesos per square meter and an implied gross market value of 12.7 billion pesos, and the company contrasts those figures with comparable land in Bonifacio Global City at 1,000,000 pesos per square meter.

Custody for the offering runs through BitGo Trust Company, which the offering page describes as an OCC-chartered national trust bank with an NYDFS trust charter, bankruptcy-remote accounts and $250 million in cold-storage insurance. MARV Capital Inc., identified on the page as CRD 104390 and SEC 8-52855, facilitates the U.S. securities offering, and ANDX USA LLC is listed as a FinCEN-registered money services business, registration 31000316280690, with 50-state coverage. The tokens use the ERC-3643 standard, with KYC and AML whitelisting and transfer restrictions enforced at the contract level, according to the page.

Manila One is sponsored by ARC Pacific Development, Inc., a Metro Manila-based real estate development firm specializing in large-scale infrastructure-led site transformation and mixed-use precinct creation, per the offering page. Its president is Jack Rodriguez, a Filipino entrepreneur. “Major development opportunities in the Philippines have mostly been available to a small circle of institutions, developers and wealthy families,” Rodriguez said in the announcement. “Manila One opens that up, starting with Filipinos around the world and extending to investors everywhere who want a stake in transforming a major Philippine asset.”

The project is advised by Romel C. Cañete, whom the announcement describes as one of the early visionaries behind Manhattan’s Hudson Yards transformation, where he evaluated developer bids for more than 40 million square feet of mixed-use development over the West Side rail yards. The offering page identifies Cañete as a Vice Chairman at Newmark. Cañete said Manila One starts with the same infrastructure question as Hudson Yards, and that what differs is who gets in on the ground floor.