Oxygen Hospitality to be First Security Token Offering on TokenIQ Platform
Oxygen to be first STO on the Token IQ platform
In a recent press release, Oxygen Hospitality Group, has indicated that they will be taking part in an upcoming security token offering.
This form of fundraising involves the distribution of digital securities, which represents fractionalized ownership within a company. As a result, to facilitate the process, speciality platform, TokenIQ, will be used.
Typically only accredited investors may participate in such events. Token access for the general public will eventually occur through trading on secondary markets.
TokenIQ has been gaining traction in recent months. In this time, various companies have indicated their intention to host STOs on their platform.
Companies expected to utilize TokenIQ are broad in their fields of work. For example, they range from 3D printing, to telescopes, and even artificial intelligence.
While multiple have indicated their intention, Oxygen Hospitality Group stands to be the first to do so.
Oxygen Hospitality Group
Oxygen Hospitality Group is based out of Phoenix, Arizona, and was founded in 2017. Above all, Oxygen Hospitality acts as a real-estate investment company. Specializing specifically in hotel assets, the team at Oxygen Hospitality will purchase and redevelop properties. This redevelopment process leads to an increase in portfolio value, providing its investors with positive returns.
President of Oxygen Hospitality Group, Peter Anadranistakis, commented on the utilization of the TokenIQ platform. He stated, “We strive to be the beacon on the hill, providing trust and guiding a new wave of investors interested in the commercial real estate marketplace…Investors in our hotels will now receive shares, represented by tokens, with asset backed security and an unprecedented level of transparency that’s extremely important for investing in real estate…Infusing technology into all aspects of our business from raising capital for acquisitions to the front and back of our hotel operations is a key focus in our growth.”
Oxygen Hospitality Group has a steady presence on social media. To keep up to date on company developments, check out their website HERE with links to their various outlets.
TokenIQ is based out of Scottsdale, Arizona, and was founded in 2017. Above all, the company strives to provide other companies with services necessary for the completion of STOs.
TokenIQ CEO, Mark Vange, commented on Oxygen Hospitality and their use of the platform. He stated, “Token IQ’s patent pending technology allows Oxygen Hospitality to democratize access to their offerings, reduce the cost and complexity of compliance and do that in a way that fully comports with relevant regulation while empowering RIAs to be a fully participating partner in the effort…The unique token recovery capability allows investors, RIAs and Oxygen Hospitality to effectively deal with any exigencies thus removing the risks and complexity associated with conventional crypto tokens.”
Here at securities.io we recently detailed TokenIQ as they made waves by partnering with ‘Dealbox’. For more information on that partnership, click HERE.