AlphaPoint and Elevated Returns Partner to Launch a “Secondary Market for $1 Billion Tokenized Real Estate Shares”

AlphaPoint and Elevated Returns Partner to Launch a “Secondary Market for $1 Billion Tokenized Real Estate Shares”

As of April 17th 2019, AlphaPoint and Elevated Returns have partnered to build an exchange to activate a secondary trading market involving more than $1 billion in tokenized real estate. The trading platform is set to focus on the Southeast Asian market, with an official launch date yet to be announced.

AlphaPoint and Elevated Returns’ Partnership Explained

AlphaPoint is a white label exchange solution for firms wishing to build digital asset trading platforms.

In the recent past, they’ve announced services which feature Security Token Offerings (STOs), they’ve partnered with Laureate Digital Securities, and hired a former head of Cboe equity. Needless to say, they’ve quickly moved into the security token space.

Now, they’ve upgraded their technical solutions to allow for enterprise-grade security token ecosystems. Their software is set to facilitate a secondary trading market for Elevated Returns.

According to AlphaPoint CEO Salil Donde, the new solution will release the ‘trapped liquidity’ seen in the real estate market:

“AlphaPoint has a proven track record of providing an unmatched quality of service to our clients through digital asset and cryptocurrency markets. Our upgraded technology stack, coupled with a streamlined focus on enabling institutions to issue and trade digitized assets, enables us to plug into the process of a security token offering to both create the token and enable a secondary market. We are thrilled to partner with a leading firm like Elevated Returns to help facilitate the execution of an STO issuance and secondary trading business. The trapped liquidity in property deals and limited access to them, globally, is a problem that AlphaPoint is aiming to solve.”

Elevated Returns CEO Stephane De Baets said his enterprise chose AlphaPoint due to its history in unlocking liquidity.

“Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with the best in class companies across industry verticals; AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled. Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”

How Elevated Returns Plans Tokenize $1 Billion Worth of Real Estate

In February 2019, Elevated Returns announced a partnership to tokenize $1 billion worth of real estate on the Tezos blockchain.

Elevated Returns was involved in one of the most successful real estate tokenizations to date: Aspencoin.

Stephane De Baets is also the founder of Aspencoin, a security token which represents fractional ownership of the St. Regis Resort in Colorado, USA. The initial offering— an SEC-compliant Reg D 506(c)— had a reported valuation of $18 million.

Now, Elevated Returns is turning to AlphaPoint in trying to build a secondary market for the compliant trading of such digital assets.

What do you think of the partnership between AlphaPoint and Elevated Returns? Will the planned trading platform see success in the southeastern asia marketplace? We’d like to know what you think in the comments section below.

Image courtesy of Pixabay.