Aspen Digital Real Estate Token Sale Raised $18 Million.

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The St. Regis Aspen Resort is an internationally renowned destination, known for luxury arrangements with high-quality amenities and outlets. The resort features many conference and banquet venues with spectacular views of the Rocky Mountains.

Aspen Coins, the tokenized securities sold on crowdfunding platform Indiegogo, expose investors to Colorado’s St. Regis Aspen Resort. Aspen Coins present holders with the unique opportunity to gain an indirect fragmented equity ownership stake in the iconic property.

Each Aspen Coin was sold for $1. Any investors participating in the deal were required to be an accredited investor and purchase a minimum of 10,000 tokens. Aspen Coins adhered to the ERC-20 token standard.

The Tokenization of Traditional Assets

The St. Regis Aspen Resort has clearly played a historic role in the tokenization of traditional assets, especially the tokenization of real estate.

According to Director at Elevated Returns, Jason Kirschenbaum,

Ultimately, tokenization of the St. Regis Aspen Resort marks a significant shift in the nature of asset ownership, as tokenized assets provide investors with a plethora of benefits. For more information about the St. Regis Aspen resort, see the video below. SOURCE

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