QuantmRe Launches Security Token Backed by Property Assets
Cryptovest
Published Dec 12, 2018 10:50AM ET
Updated Dec 12, 2018 12:01PM ET
QuantmRe Launches Security Token Backed by Property Assets
QuantmRe, which operates a blockchain-based real estate trading platform, announced on Tuesday the launch of the EQRE security token, which allows qualified investors to get exposure to fractional equity interests that focus on US residential properties. The diversified pool of fractional interests ensures a high degree of liquidity in this US property asset class, which has been hardly touched until today and which totals $31.8 Trillion.
The security token will be distributed in collaboration with Prime Trust, which will store the digital assets on behalf of investors and will monitor compliance with anti-money laundering (AML) and know-your-customer (KYC) rules.
The funds raised will ...
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