Tokenization infrastructure provider Tokeny has partnered with Ethereum real estate tokenization marketplace CoFund, which will enable CoFund to issue regulatory-compliant ERC-3643 security tokens on Polygon, according to an April 11 announcement. The network tokenized a $10 million hotel in the Indonesian island resort of Bali. According to Tokeny, investors can own a portion of a hotel with a minimum investment of $1,000. Tokeny CEO Luc Falempin commented:
“Simple ERC-20 tokens and NFTs do not meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our partners can enforce compliance even on permissionless blockchains .”
CoFund CEO Giri Kayogiswara added: "With Tokeny's proven platform, we can create a safe and accessible real estate investment marketplace that meets the needs of all types of investors while ensuring compliance. This partnership brings us one step closer to realizing our vision of a global real estate investment marketplace." One step closer." Tokeny's infrastructure allows issuers to access a fully auditable and immutable capital statement of security tokens directly on the blockchain. It also supports real-time distribution and transfer of tokens to investors.
On Feb. 22, Tokeny facilitated the launch of a tokenized venture capital fund created by Spanish business podcaster Emprenduros. Investors can participate in the private equity placement with a minimum purchase of 500 euros ($545). Digital fund shares will be deposited into investors' digital wallets, and the entire process is digital. Last January, Tokeny received a €5 million ($5.45 million) investment led by Inveniam, Apex and K20 Fund. The company is currently headquartered in Luxembourg.
