Caribbean real-estate company launches $75 million STO

Caribbean real-estate company launches $75 million STO

Might real-estate investors and fans of tokenized, digital assets have found a match made in paradise?

A Caribbean-based real-estate company is offering foreign investors an opportunity to buy up to $75 million worth of tokenized stakes in oceanfront properties in the Dominican Republic—with some big promises attached to each purchase.

The company, La Estancia Holdings, today announced the extension of a security token offering (STO) first launched in July. The STO will now run across three phases until early 2020 and is offering investors both large and fractional stakes in villas, townhomes, and hotel properties.

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Source: https://decrypt.co/8746/caribbean-real-estate-company-launches-75-million-sto