UPRETS role in the security token offering
The company will be the business lead for this security token offering. UPRETS will provide the property, the Osteen Condominium, which will be used for the security token offering. It will also provide important documentation such as the title, deed, audits, contracts, and permits. In addition, UPRETS will take care of investor relations, coordination, and all hiring.
UPRETS uses the X-bolt blockchain and the company is among the top 5 in China based on patent count. The technology is patented by RChain Technology. Xinyuan Real Estate, the parent company to UPRETS, has properties valued above $1.5 billion globally. "We see real estate as one of the most promising markets for blockchain tokenization technology to be implemented. As the global infrastructure for banking, tech and capital markets rebuilds itself on blockchain over the next decade, the real estate industry will also be impacted. Real estate industry investors and developers are actively seeking ways to reduce delays, costs, and obscurity in transferring ownership of real estate-related securities. We hope that together with UPRETS we can help resolve some of those issues",
said Claus Skaaning, CEO of DigiShares.
Skaaning added: "We see UPRETS as one of the significant global players in the real estate industry and is very excited about the partnership. DigiShares will be the preferred tokenization partner of UPRETS in Europe and together we hope to work with developers and investors in order to develop more efficient, less costly and less error-prone processes and work-flows for the real estate industry".
"Real estate remains to be the most valuable asset in class in the world. The barriers to entry such as liquidity and many intermediaries in this market can be solved through the blockchain. This partnership with DigiShares will bring sanity to the real estate market and make the digital security market more liquid. We intend to work as a team and become global leaders in real estate tokenization"
said Dan Chase, CEO of UPRETS. About DigiShares
DigiShares provides a platform for issuance and post-issuance management of tokenized securities. It helps with the initial design of the security token such that it fulfills the requirements of the issuer jurisdiction, using the most popular security token protocols and helping ensure that the token may later be traded on forthcoming security token exchanges.
DigiShares is your trusted partner to ensure that your digital shares will be compliant and liquid. About UPRETS
UPRETS is a one-stop solution platform for security token offering founded in November 2018. As a subsidiary of a publicly listed real estate conglomerate (NYSE: XIN), we currently focus on providing a cost-efficient, compliant and advanced tokenized real estate investment platform for property developers and investors globally by our patented blockchain technology.
Using this platform from UPRETS, the developers can provide liquidity for their property investors and the investors can benefit from the rent dividends and returns of properties in world-class major cities, such as New York, London and Dubai.
Consortium Chain by UPRETS: UPRETS.io started to develop its own consortium chain technology X-BOLT dated back in 2015. As one of the most mature blockchain firms in China, our consortium chain solution has already established 22 successful cases in multiple fields including insurance, real estate, logistics, and social networks.
For more information, visit www.uprets.com