Realecoin Launches New Digital Security Using Securitize Platform
NEW YORK, Oct. 16, 2018 /PRNewswire/ -- Realecoin™, the world's first real estate fund built on the Ethereum blockchain, is launching a new digital security designed to offer 24/7 liquidity to a traditionally illiquid investment vehicle. Realecoin is working on the offering in partnership with Securitize, the compliance platform for digitizing securities on the blockchain.
Realecoin aims to address the challenges of liquidity and accessibility in the real estate industry through this offering. The Realecoin digital security, RC™, will represent a fractional ownership interest in Realecoin, a diversified real estate fund. Realecoin provides holders of cryptocurrencies, and other investors, the opportunity to buy into a fully compliant tokenized real estate fund that invests in multi-family assets and non-performing mortgage loans across the United States.
"We at Realecoin have aimed to build a product that first and foremost benefits our investors," said Andy Strott, Co-Founder of Realecoin. "We have partnered with leading experts in the field in an effort to ensure a compliant, secure and successful product. With the help of Securitize, a pioneer in this industry, we plan to stay at the forefront of blockchain technology as this industry develops, always striving to implement its most advanced aspects for our investors."
"Realecoin offers a unique investment opportunity through the tokenization of real estate assets, usually considered to be a very illiquid asset," said Co-Founder and CEO of Securitize, Carlos Domingo. "The management team's lengthy track record, alongside their commitment to regulatory compliance makes this an exciting venture for Securitize."
ABOUT REALECOIN
Realecoin is the world's first real estate investment fund built on the Ethereum blockchain. Realecoin aims to differentiate itself from other cryptocurrency projects because its digital security will derive its value primarily from real assets that generate income and are expected to increase in value over time. Holders of the RC digital security will be entitled to their pro-rata share of distributions of income and net revenues from future sales in the real estate portfolio.
ABOUT SECURITIZE, INC.
Securitize is a software compliance platform for issuing and managing digital securities including dividends, distributions, and share buy-backs on the blockchain. Securitize's innovative Digital Securities Protocol (DS Protocol) enables seamless, fully compliant trading across multiple markets simultaneously. As a market leader, Securitize is heavily invested in the overall security token space and actively partners with exchanges, broker-dealers, custodians of crypto, escrow services, and other financial infrastructure for security tokens.
SOURCE Realecoin
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