22/02/19 09:08 UTC-4

Tokenized real estate in Brazil: the bank attracts investors with ReitBZ coins

Representatives of the Brazilian investment bank from São Paulo said they were going to attract $ 15 million in investment through their ReitBZ security tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details

On February 21, Bloomberg published a report on the launch of the security token of Banco BTG Pactual investment bank. According to the information on the site, the bank is going to attract $ 15 million investment through tokenized assets.

Interesting in the section: STO (Security token offering) – the specifics of the work, the main differences from the ICO


Brazil: ReitBZ security-tokens from BTG Bank

As stated on the site, BTG plans to raise up to $ 15 million through an initial token offer called ReitBZ. The token will be supported by distressed real estate assets in Brazil.

The launch of the security token was commented by BTG Pactual CEO Roberto Sallouti: "The cryptography technology associated with this proposal allows us to be pioneers in the digital assets industry (...) We will be able to implement those classes of banking ownership that were not previously available to retail investors (...) We are constantly looking for innovative ways to promote and democratize and stimulating the development of financial and capital markets."

Bloomberg also says that the Brazilian bank is working to create a secondary market that will provide liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
tokens after the sale. The exact date of the STO and the launch of tokenized shares is not yet known. Although representatives of the bank said that security tokens would allow investors to invest in the Brazilian real estate market and receive regular dividends. ReitBZ (RBZ) banking token, according to the information, can be purchased for Gemini Dollar (of Winklevoss brothers) and Ether.

Interesting in the section: MyEtherWallet – browser wallet for Ethereum and ERC-20 tokens

Brazilian tokenized property or as a local bank attracts crypto-ReitBZ investors. As it became known, BTG Pactual is cooperating with the Gemini Trust Company, LLC (Gemini), which, by the way, was also created by the Winklevoss twins. This cooperation will help the bank not only sell tokens, but also distribute dividends between investors (depending on the share of the depositor).

Editor: Alyona Nabok

See also: "In South Korea, bans on ICO will be extended"

#STO #cryptocurrency #Brazil #BankofBrazil #realestate #tokens #Winklevoss #GeminiTrustCompany #BTGPactual #BancoBTGPactual #Ether #ReitBZ #securitytoken



12/03/19 11:48 UTC-4

Bittrex Exchange announces the first Initial Exchange Offering (IEO)

Bittrex International will present the first Initial Exchange Offering (IEO) and the launch of the RAID token. Bittrex International users will be able to purchase tokens at a fixed price directly on the issuer's platform, – according to the official website of the company.

22/02/19 09:00 UTC-4

Telegram Open Network: contracts with investors may be terminated

​The Token Gram and the TON (Telegram Open Network) platform must be launched before October 31, 2019, otherwise all agreements with ICO investors will be terminated. The document, which was compiled on behalf of Pavel Durov, marks the deadlines for the full launch of the Telegram Open Network blockchain platform and the Gram token.

29/01/19 09:03 UTC-4

ICO of Kin cryptocurrency: litigation with the SEC

​Kik, a company specializing in the development of instant messengers, plans to challenge the decision of the US Securities and Exchange Commission (SEC) regarding its ICO in 2017, as reported by the CoinDesk news agency.

Hypes, funds, fiat money