Blockchain Firm Templum Launches Security Offering Of St. Regis Aspen Resortbr>
Token trading platform Templum Markets has launched a Tokenized Asset Offering (TAO) on behalf of the St. Regis Aspen Resort in Colorado.
The St. Regis Aspen Resort is owned by a holding company and, controlled by Elevated Returns, an asset management company that acquires and manages assets across a range of service industries, including hospitality, real estate and a number of consumer brands. The firm teamed with Templum Markets, a broker-dealer registered with the US Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), to launched Aspen Digital, a digital Reg D 506c security offering.
Accredited investors can now indirectly own shares in the resort by purchasing Aspen Coins through Templum Markets. Templum will accept US dollars, bitcoin and ethereum in exchange for the tokens during the sale. All Aspen Coins will be backed by the St. Regis Aspen Resort asset.
“Each token grants investors the economic interest equal to one common share of the Aspen Digital, Inc. single asset REIT, inclusive of voting rights and the REIT’s income distributions,” said Vince Molinari, Templum CEO.
Stephane De Baets, Founder and President of Elevated Returns said that Templum’s focus on regulation and best practices make them the ideal partner for Elevated Returns as they pursue their capital raising objectives and emphasizes their commitment to building successful infrastructure alongside top-tier, established organizations.
“Asset backed coins like the Aspen Coin not only offer a transformative way to invest in real estate, but also establish a new way to store wealth by utilizing collateralized and income generating digital assets,” said De Baets. “We believe that the real estate tokenization model has tremendous potential in that it brings liquidity and disintermediation to the world’s largest asset class.”