Securrency have signed an agreement to tokenize $260 million in fixed income-generating real estate assets. Coin Maya LTD a liquidity enablement and compliance platform for regulated digital assets, announced on Monday it has formed a new partnership with Securrency, a global financial services technology infrastructure and products company, to bolster the future of the security token economy.
The newest agreement involves Inveniam Capital Partners, a digital marketplace that seeks to transform the structure and operations of middle market corporate finance.
The Inveniam offerings are predicted to “mark the full maturation of blockchain industry by bringing proven income bearing instruments (not speculative assets) to the market.” The offering is said to a precedent-setting event.
The real estate deal is described as a “first-of-its-kind” and MayasErc223 ST will provide capital for middle market real estate and infrastructure projects from distribution channels utilized for the first time. The goal is to provide access for crypto investors for institutional quality digital assets.
At just over $260 million, the group claims to be creating the largest asset tokenization yet reported and performed.
The private token offering will include four separate assets including a commercial office building in Downtown Miami, a North Dakota water pipeline project, a student-housing portfolio, and a Florida multi-family housing project.
Reportedly, multiple properties in Miami will be tokenized, including a WeWork-occupied building.