Elevated Returns and Securitize Make a Security Token Push in Thailand 🚨 This article is 6 years old...
Elevated Returns and Securitize Make a Security Token Push in Thailand
2 min read
Updated: Nov. 26, 2018 at 11:52 am UTC
Photo by Mo Baghdadi on Unsplash
Elevated Returns, a pioneer of Trophy Real estate Tokenization, has recently announced a partnership with Securitize, a compliance platform, and protocol for issuing and managing digital securities on the blockchain.
This partnership will allow Elevated Returns to spur their real estate tokenization program in Southeast Asia through the Securitize technology issuance platform.
Elevated Returns recently also made a successful bid to acquire 24.9 percent of a Bangkok-based Seamico Securities as part of its expansion plan in South East Asia.
Stephane De Baets, Founder and President of Elevated Returns said:
“Now that we have established our vision and model for tokenizing real estate assets in a scalable and compliant way, it is important for us to capitalize on our first mover advantage in order to dominate the space.”
It is clear that this partnership will allow both parties to make some noise in the Southeast Asia security token scene.
The Success of Securitize
Companies such as SPiCE VC, 22X Fund (Batch 22 of 500 Startups), Blockchain Capital, and Augmate have worked with Securitize to issue or upgrade compliant digital securities. Securitize’s DS Protocol allows for issued digital securities to be traded in a compliant manner on global marketplaces and exchanges.
Securitize announced today that it raised a $12.75 million Series A round. Participants in the round included Blockchain Capital (lead), Coinbase Ventures, Global Brain, and Ripple’s Xpring fund.
Carlos Domingo, Securitize Co-founder and CEO said:
“We are very excited to partner with ER Global and join forces to tokenize iconic properties in Asia and beyond. ER Global is an experienced team with deep knowledge of the Thai market, which makes them a great partner for Securitize as we continue to expand the adoption of the Securitize compliance platform and DS Protocol.”
It is still early for security tokens, but this partnership marks the beginning of global participation in the emerging security token industry.
