Blue Horizon Developments Partners with SolidBlock to Launch Thailand’s First Real Estate STO
Blue Horizon Developments Partners with SolidBlock to Launch Thailand’s First Real Estate STO
Blue Horizon Developments, one of Thailand’s most decorated property developers, has partnered with SolidBlock, a smart contract development and management platform for transforming real estate into digital shares that can be traded, to tokenize The Beachfront Prime in Phuket, a project managed under the Best Western Plus brand.
Friday 29 January 2021, 10:00AM
The Beachfront currently has three phases with a total of 190 units. In addition, a further 96 units which are being tokenized through SolidBlock will be added during the expansion phase, many of which will offer sea, pool, or mountain views.
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The Blue Horizon team (bluehorizon-thailand.com).
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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.