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Blue Whale ‘Quantum Jump’ without borders with tokenisation of real estate activities

Blue Whale | 02.12| 99

http://www.shareableasset.com
The Blue Whale Group’s core business entity, Shareable Assets Pte Ltd has received “in-principle approval” from the Monetary Authority of Singapore (MAS) to issue security tokens backed by real estate.

In recognition of the excellence of the Proptech 3.0 business model using blockchain convergence technology, the Blue Whale Group’s core business entity, Shareable Assets Pte Ltd has received “in-principle approval” from the Monetary Authority of Singapore (MAS) to issue security tokens backed by real estate. The company plans to launch Shareable Asset, a real estate securitization platform in the first quarter of 2020, and thereafter there are plans to launch a security token exchange within 2020.

With the ‘in-principle approval”, it is possible to explore other markets and products at a later stage but within the stipulated guidelines of the licence. The plan of the platform is eventually to be able to offer services like securitisation and fund raising for business and asset owners in order to compete with global financial institutions. The major difference compared to the traditional method of fundraising is cost efficiency, simple and transparent based on blockchain convergence technology. For example, in real estate, the platform could potentially be utilised to tokenize physical real estate in other major Asian countries like Japan and Hong Kong.

In particular, Shareable Assets plan to appeal to global investors interested in the new digital world of finance and fintech. The platform eventually also plan to enable investors to trade their fractional legal rights or ownership in a borderless digital financial platform. Shareable Assets will be based in Singapore, a global fintech hub. In terms of cost, the platform will be a more cost efficient method to raise funds when compared to a REIT, as an example. The intention of the platform is to cast a wider net in terms of investor profile which will include retail and accredited investors. In addition, the platform utilizes the transparency of blockchain technology to sub-divide assets such as real estate into small units of ownership so that anyone can easily become the co-owner of the asset. Therefore, accessibility that lowers the barriers to entry of assets is important. Both demand-supply will enable them to streamline global asset trading and take advantage of convergence technologies.

Although the platform has something in common with REITs in that even a small investor can invest in real estate products, but unlike the REITs structure, the platform allows investors to invest and divest individual assets.

Upon meeting all the conditions of the licence, Shareable Assets intend to launch a number of real estate transactions in Singapore which we have started to work on.

Lastly, in Korea, the company concluded mutual cooperation agreement that aims to actively cooperate with Incheon Free Economic Zone (IFEZ) as a blockchain hub city, and currently uses the vacancy and land in the free economic zone including Songdo. Collaboration with a focus is ongoing.

Thank you so much for supporting our project! We appreciate your confidence in us and we look forward to share our success with you.

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Blue Whale ‘Quantum Jump’ without borders with tokenisation of real estate activities was originally published in Blue Whale Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

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