Luxembourg’s first successful blockchain-based real estate transaction for Property Token S.A. has been completed utilizing the Tokeny Solutions tokenization platform. Property Token S.A., the first Luxembourg real estate token, was co-founded by Creahaus S.A. and Espace Invest S.A, two leading Grand Duchy real estate players.
While Tokeny Solutions powered the token sale, Coinplus, a Luxembourg Technoport start-up, provided secure storage via a “zeroelectronic” physical vault. Inno, a strategy and innovation consulting firm led by Wesley Deglise, was the architect of this solution.
Digital securitization, a new and innovative process, allows private investors in this deal to hold tokens that represent ownership in one of the Grand Duchy’s high-rise buildings, located in the heart of Luxembourg’s trendy district Belval. Belval, known for its vibe of “cutting edge research meets entrepreneurial spirit,” is a mixed-use development offering both a work and life environment for residents to enjoy.
As part of the deal, token holders were required to invest a minimum of 1,000 Euros. That investment aims to return a profit to the investors once the property is resold, directly relating to the size of their investment. Real estate tokenization touts many investor benefits, one of which is that there is no need for the investors to concern themselves with maintenance or daily operations of the building. Tokenziation also provides a lower threshold for investors to participate in the real estate market, thus opening up the investment to a broader pool of investors.
Tokeny is an end-to-end platform providing issuance, management, and trading for utility and security tokens. Tokeny is a Gold Corporate member of the Security Token Academy.
To learn more please visit the Security Token Academy Corporate Member Homepage.