Realecoin Launches Security Token with Support of Securitize

Realecoin™, a real estate fund developed on Ethereum, announced on Wednesday the launch of a new blockchain-based security token meant to provide non-stop liquidity to investment vehicles that are generally known to be illiquid. The company is conducting a security token offering in collaboration with Securitize, a compliance platform operator aimed at tokenizing securities and other real-world assets.

The rationale behind Realecoin’s move is to fix the liquidity and accessibility barriers in the property market. The Realecoin digital security, shortly referred to as RC™, gives holders a fractional equity ownership interest in the company’s diversified property fund.

Realecoin allows cryptocurrency holders, as well as regular investors, to buy security tokens backed by a fully compliant blockchain-based fund that is tokenized and bets on multi-family houses and distressed mortgage debt across the US. The tokens can be purchased through top cryptocurrencies and fiat currencies, including Bitcoin, Ethereum, US dollar, and euro.

Realecoin co-founder Andy Strott commented:

“We at Realecoin have aimed to build a product that first and foremost benefits our investors. We have partnered with leading experts in the field in an effort to ensure a compliant, secure and successful product. With the help of Securitize, a pioneer in this industry, we plan to stay at the forefront of blockchain technology as this industry develops, always striving to implement its most advanced aspects for our investors.”

Realecoin’s RC token is built under Ethereum’s ERC-20 standard. The company says it’s a fully compliant security token that will provide global liquidity without stoppage.

Securitize co-founder and CEO Carlos Domingo stated:

“Realecoin offers a unique investment opportunity through the tokenization of real estate assets, usually considered to be a very illiquid asset. The management team's lengthy track record, alongside their commitment to regulatory compliance, makes this an exciting venture for Securitize.”

Last month, we reported that Securitize had reached an agreement with Issuance, a security token-oriented marketing firm, to share experiences in the emerging industry of digital assets.