Elevated Returns and Securitize tokenizing $1B of real estate on Tezos

Elevated Returns (ER), a financial group focused on digitizing traditional financial assets, today announced that it has selected Tezos as the blockchain on which it will offer ER’s fully compliant tokenized real-estate offerings to qualified investors. ER has a pipeline of real assets in excess of USD $1B targeted for these future token issuances.

Best known for its tokenization of the St. Regis Resort in Aspen, which raised USD $18 million through tokenization, ER is a leader in security token issuance. While the St. Regis offering was issued on Ethereum, the team is switching to Tezos, seeing it as a superior blockchain for asset tokenization, future-proofing ER’s offering and offering a greater focus on smart contract security.

Securitize, ER’s compliance partner and the leading compliance platform for digitizing securities on blockchains, will add support for Tezos to ensure ER’s compliance with securities laws and regulations. This will ensure that ER can continue to tokenize and issue compliant assets on the Tezos blockchain in regulated markets worldwide.

Tezos is a self-amending blockchain and smart contracts platform that allows organizations and individuals to transact in digital assets using its native digital currency (XTZ). To assist with its switch to Tezos, Elevated Returns is working with the Tocqueville Group (TQ), an NYC based organization that works to facilitate the growth of a robust, high-functioning Tezos ecosystem by supporting individuals and companies building on Tezos.

As a part of ER’s expansion, it recently announced the 21 percent acquisition of Bangkok-based Seamico Securities (BKK: ZMICO) giving it access to regulatory licenses and distribution capability in Thailand and other parts of Southeast Asia, a region which has been at the forefront of regulations for digital assets.

In the coming months, ER will focus on educating the Thai market about ER’s product suite, beginning with a large event in Bangkok on March 11th. The conference will be a convening of banks, insurance companies, asset managers and regulatory bodies and focus on the future of token standards and opportunities in Southeast Asia.

Through this collaboration, ER expects to launch products in the Thai market in Q2 or Q3 of 2019 while looking at additional acquisitions in other regulated markets throughout Asia.