Elevated Returns, which is a financial group that acts together with the legal compliance firm Securitize, aims to sell investors with USD 1 billion worth of tokens based on Tezos.
- Forget Ethereum; Now Tezos Time
- Another Company in the Chain
On Monday (February 11th), two partners – the financial group – the Elevated Returns (ER) and the conformity firm Securitize, said they intend to use the Tezos platform to present the tokens representing $ 1 billion in real estate to qualified investors.
Forget Ethereum; Now Tezos Time
Previously, the same companies were in 2018 in Aspen. They were the headlines of the main news bulletins when they tokenized the Regis Resort. These two companies had sold $ 18 million to sell token.
ER is a very famous company as a regulator of security-oriented tokens. Previously Regis Resort was tokenized through Ethereum. This time the company wants to use the Tezos platform, which is believed to be better for this particular purpose, and is decorated with better secure smart contracts.
Securitize, the legal compliance partner of ER to transform securities into digital tokens, is intended to help Tezos to comply with ER's laws on securities and crypto-money regulations. This will enable ER to release assets that have been tokenized in Tezos under the global regulatory rules and to use them in world markets.
Another Company in the Chain
ER will use the services of Tocqueville Group, a company based in New York City, to help companies build their products on the Tezos platform.
Tezos is a block chain platform that enables the development of intelligent contracts and enables companies and individuals to transfer their crypto coins to XTZ.
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