Weinvest Selects Tokeny Solutions To Tokenize The First Real Estate Fund In Luxembourg
WeInvest Capital Partners has selected tokenization platform Tokeny Solutions to tokenize the first real estate fund in Luxembourg.
WeInvest Capital Partners provides deal analysis, financial due diligence and valuation services to the benefit of regulated management companies having funds investing in Private Equity and Real Estate alternative assets. Led by serial entrepreneurs, bringing together a broad range of expertise, the company benefits from an extensive network and invests mainly in Europe and the United States.
Based in Luxembourg, Tokeny Solutions allows financial actors operating in private markets to compliantly issue, transfer and manage securities using distributed ledger technology (DLT), enabling them to improve asset liquidity. By applying trust, compliance and control on a hyper-efficient infrastructure, Tokeny Solutions enables market participants to unlock significant advancements in the transferability and liquidity of financial instruments.
The WeInvest Capital Partners collaboration will see Tokeny Solutions provide the end-to-end digital services needed for the compliant onboarding and management of investors. WeInvest will utilize those services to issue and manage their Premium Real Estate Fund, improving the asset’s transferability.
According to the press release, the fund has a focus on diversification, and will finance projects globally in North America and in Europe, along with a variety of types of premium projects ranging across villas, chalets and large real estate complexes. Projects will be selected on their ability to deliver a strong performance for investors. The fund is RAIF-type, regulated, and open to private, qualified or professional investors. Partners in the offering include EY, European Capital Partners, EFA and Quintet Private Bank.
The digital onboarding and subscription of investors will be facilitated by Tokeny Solutions, in compliance with the WeInvest Investment Memorandum. This will reportedly improve the management of the fund registry by creating a digital proof of ownership for each investor’s position. The proof of ownership can be used in Tokeny’s Billboard to list an investor’s intention to buy or sell to reduce the illiquidity cost associated with private market instruments. The token will also be available for collateralization on DeFi platforms.
“Tokenized real estate funds demonstrate how blockchain technologies improve the issuance and management of the fund, whilst providing pathways for improvement in liquidity,” said Tokeny CEO Luc Falempin. “WeInvest can now propose its securities to a wider audience of investors interested in attaining more control over their portfolios.”
WeInvest said that working with Tokeny Solutions has meant that they’ve been able to improve the fund’s investor value proposition.
“Our expertise comes from many years working in the financial industry and to make our vision a reality we needed a service that provided this out of the box technology. Tokeny Solutions have provided exactly this,” WeInvest said.
