SolidBlock launches first real estate STO in Thailand
Submitted
06/01/2021 - 5:27pm
SolidBlock, a smart contract development and management platform for transforming real estate into digital shares that can be traded, is working with Blue Horizon to tokenise The Beachfront hotel in Phuket, managed under the Best Western Plus brand.
The partnership between SolidBlock – a portfolio company of BuiltUp Ventures, the leading PropTech venture capital firm investing in some of Israel’s most innovative startups – and Blue Horizon Developments, marks the first real estate securities token offering (STO) and the first real estate project to raise money on the blockchain in Thailand.