Smartlands, the first Stellar-based platform for crowdfunding investments through the issuance of security tokens, is making its first Security Token Offering (STO), a public sale of shares in a student accommodation complex in Nottingham, UK.
Constructed in Q3 2018, the purpose-built student block contains 124 apartments and is fully occupied for the current academic year 2018/19.
Smartlands is a FCA registered UK company and via its new crowdfunding platform, leverages blockchain technology for the issuance of security tokens. It allows investors to commit funds with both fiat currencies and cryptocurrencies.
With a minimum investment threshold of £500, or an equivalent in any fiat currency or cryptocurrency accepted on Smartlands, the offering of tokenized shares in a student accommodation complex in the UK allows retail investors to invest alongside experienced asset managers and property owners.
“At Smartlands we’re rethinking traditional finance models by building a global ecosystem that democratizes access to alternative investments and opens opportunities to higher-yield projects.” said Smartlands VP of Technology, Ilya Obraztsov. “The student complex in Nottingham is the first tokenized property in the UK, to be followed with new offerings of blockchain-based securities backed by assets in real estate and other markets.”
Smartlands is leveraging the Stellar network to provide benefits to all involved in security token issuance on the platform.
