Today, two companies with a focus on asset tokenization have announced an upcoming joint STO. These companies are DigiShares and UPRETS.
This pairing appears to be a complimentary one, as each company brings different areas of expertise to the table. While DigiShares will leverage their presence and experience tokenizing assets within Europe, UPRETS will provide, not only the asset itself, but manage on-going investor relations.
U.S. Real Estate in Europe
This partnership was undertaken with the main goal of hosting a successful STO around New York based real estate.
Known as the Oosten property, this STO will see the asset tokenized, with access to the event open to European based investors. This property was chosen, as the mother company of UPRETS, Xinuan Real Estate, owns a variety of condos in the complex.
While full details of the STO have not been released, it is believed that the event will look to generate between $1-4M in funding.
Upon announcing this event, representatives from each, DigiShares and UPRETS, took the time to comment. The following is what each had to say on the matter.
Claus Skaaning, CEO of DigiShares, stated.
“We see real estate as one of the most promising markets for blockchain tokenization technology to be implemented. As the global infrastructure for banking, tech and capital markets rebuilds itself on blockchain over the next decade, the real estate industry will also be impacted. Real estate industry investors and developers are actively seeking ways to reduce delays, costs, and obscurity in transferring ownership of real estate-related securities. We hope that together with UPRETS we can help resolve some of those issues.”
Dan Chase, CEO of UPRETS, stated,
“Real estate remains to be the most valuable asset in class in the world. The barriers to entry such as liquidity and many intermediaries in this market can be solved through the blockchain. This partnership with DigiShares will bring sanity to the real estate market and make the digital security market more liquid. We intend to work as a team and become global leaders in real estate tokenization.”
Speaking with Claus
We recently had the pleasure of sitting down with DigiShares CEO, Claus Skaaning, for an exclusive interview. In this discussion, Claus Skaaning touches on, not only his own journey, but that of DigiShares.
DigiShares is a European company which was founded in 2018. Above all, the team behind DigiShares has focused on developing a suite of services aimed towards the tokenization of assets. These services include investor accreditation, payment gateways, and more.
CEO, Claus Skaaning, currently oversees company operations.
UPRETS is a New York based company, which was founded in 2018. This young company identifies as a ‘security tokenization platform for global real estate’.
CEO, Dan Chase, currently oversees company operations.
In Other News
Over the past year, DigiShares has shared various developments and strategic partnerships. The following articles discuss a couple of these events.