Official: STO "Aspen Coin", which is tokenized on Tezos, will be trading on tZERO next week

By Allen Walters | Publish0x posts | 18 Aug 2020

Q3 - Q4 is predicted to be filled with bullish Tezos adoption news: 2 DEXes will go live (DEXter and QuipuSwap), another digital exchange, named ERX is said to be launched this period too, including a Tezos-based utility token named ER-X token. And a fourth digital exchange is set to be launched in September by QR Capital
More STO's to be launched in Q3: total value of $200 million by Vertalo. Elevated returns will also launch a second listing, this time an $80 mill office backed token. 

Today, the first of those prospects has set a definite time-frame: Next week. STO "Aspen Coin", which is tokenized on Tezos, will be trading on tZERO. 

Aspen coin is an asset backed security token. In this case, Aspen Digital Inc. owns the St. Regis Aspen Resort in Aspen, Colorado. This property is tokenized, which means that the total value is legally digitalized and distributed to investors through a private Reg D 506 (c) offering, which is compliant with the laws of the jurisdiction in which it is sold. These tokens are digital securities and can be traded as long as regulations are enforced, which is done through smartcontracts, KYC (Know Your Customer) and AML (Anti Money Laundering) checks. Not only do these tokens hold value (determined by supply and demand), but they also give revenue. (For as long as the resort is profitable)

"The St. Regis Aspen Resort is a full-service, 179 guest room, luxury hotel located in Aspen, Colorado with multiple upscale restaurants, a private spa, and heated outdoor pool with panoramic views of the Aspen mountainside." - Source 

If you want to be part of history, set up an account at tZERO.


Listen to TezTalks Live #9 where Stephane de Baets from Elevated Returns shares his thoughts on the future of Elevated Returns and Tezos:


New to Tezos? Read this full introduction to Tezos.

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Allen Walters
Allen Walters

Fascinated by blockchain and future proofing cryptocurrency. Discover the tech before it gets relevant. Twitter: @IgnoranceIt

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