From Indiegogo, the stable Aspen coin
From Indiegogo, the stable Aspen coin

From Indiegogo, the stable Aspen coin

By Rossana Prezioso - 24 Aug 2018

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The St. Regis Aspen Resort in Colorado, through Indiegogo, one of the world’s first crowdfunding platforms, founded in 2008 by Danae Ringelmann, Slava Rubin, and Eric Schell, kick-started what could be considered the first sale of real estate tokens.

A legit ICO that aims to raise about $18 million in investment on the St. Regis Aspen Resort through the issuance of Aspen Coin, tradable digital tokens which are backed by real estate properties.

Aspen Coin: what is it all about?

Each Aspen Coin will be worth a dollar, so basically a stable coin, and you can buy it with US dollars, bitcoin and ethereum.

The owners of the new tokens will own a non-voting equity interest in Aspen Digital, a real estate investment fund (REIT) that owns the St Regis resort.

This is not in itself a revolutionary idea, but it is undoubtedly a major turning point for the real estate sector which, thanks to this solution, will be able to exploit new liquidity channels.

Stephane De Baets, founder and president of Elevated Returns, owner of Aspen’s St. Regis and other hotel properties commented:

“We think future lies in everyone starting to keep more wealth in appreciating asset-backed tokens”.

Indiegogo’s partner for the ICO is Templum Markets, a company specialising in financial technology which, through its alternative trading system, focuses on creating market offers that comply with SEC and FINRA regulations.

Indiegogo’s mission is to make access to capital more democratic so as to allow people greater access to investments.

Rossana Prezioso

Passionate about the new frontiers of online publishing, she decided to further deepen her knowledge by dedicating herself to the study of cultural and economic changes derived from the emergence of hi-tech finance, developing the themes concerning new business models related to it and the geopolitical influences of the new cryptocurrency economy.

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