Indiegogo, one of the most important crowdfunding sites in the world, has already announced that it will offer security tokens on its platform for ICO’s and the first of these projects will be the Aspen Coin, a coin launched by the luxurious St. Regis Aspen Resort located in Colorado.
The Aspen Coins in this project represent symbolic shares of a real estate investment fund that aims to hold the $18 million represented in shares of the St. Regis Aspen Resort. This offer is not open to the public, only accredited investors accepted by the project may participate.
Stephane de Baets, president of Elevated Returns, the company behind the project and owner of the real estate complex, mentioned that he sees security tokens as the future of investments because they allow wealth to be stored through revenue-generating digital assets. In addition, referring to the real estate market he mentioned that “By allowing access to investment in traditional assets such as real estate, we are creating a new opportunity for investors to explore an ownership stake in something that was previously only accessible to private investors and people of high purchasing power”.
How to invest?
Investors who are accepted and recognized to acquire the Aspen Coin can use dollars, BTC or ETH as a form of payment. The tokens of this project were made under the ERC-20 standard and can be stored in any Ethereum wallet that supports tokens of this standard.
Because of federal securities regulations in the United States, these tokens can only be traded through an Alternative Trade System (ATS) registered with the SEC and operated by Templum Markets LLC, the broker that is supervising the ICO.
Indiegogo, part of the market revolution
Indiegogo wanted to be part of the cryptomoney market and as expressed by Slava Rubin, one of the founders of the platform, with this opening they always want to give their users access to the most innovative products on the market. Regarding Blockchain technology, he mentions that “With the revolution of the block chain completely underway, we are enthusiastic about the impact and potential for global change of the security tokens”. With the Aspen Coin project they hope to offer users the chance to access the luxurious St. Regis Aspen Resort and give them the opportunity to make a profit.
This is not the first ICO project that Indiegogo has launched. In December 2017, the platform opened the possibility to join an ICO list and the first to have the opportunity was Fan-Controlled Football League, an ICO that managed to raise 5 million dollars, all very quickly and thus achieving its funding goal.
However, during the first two quarters of 2018, Indiegogo no longer launched ICO´s on its platform despite the fact that many projects submitted applications to use the services offered.