New York, Oct. 22, 2018 (GLOBE NEWSWIRE) — Templum Markets, LLC (“Templum Markets”), a wholly owned subsidiary of Templum Inc. and FINRA-registered broker dealer and alternative trading system (“ATS”), today announced the close of the Aspen Digital Inc. digital security offering.
On October 10, 2018, Templum Markets successfully closed a digital security offering to recapitalize the iconic St. Regis Aspen Resort, resulting in what is believed to be the first digital security tokenization of a trophy real estate asset. The deal represents a groundbreaking moment in the acceptance and growth of regulated digital securities by traditional participants, including institutional investors, lenders and service providers. Templum Markets acted as sole and exclusive placement agent for the primary offering on behalf of the issuer, which resulted in the sale of equity interests in the property to an international group of shareholders including strong participation from institutional and high net worth Asia Pacific investors.
The successful completion of the St. Regis Aspen Resort tokenized asset offering reflects the growing understanding of the merits of securities digitization by real estate sponsors and investors.
“Technological advancements will enable the modernization of existing frameworks, moving illiquid assets onto a pathway of liquidity,” said Vincent Molinari, CEO of Templum Markets.
Each real estate token represents a common equity position in the St. Regis Aspen Resort and has been given its own S&P CUSIP: 04531E208. These digital securities are expected to be traded on Templum Market’s registered ATS pursuant to applicable resale provisions of the U.S. securities laws.
About Templum, Inc.
Templum, Inc. is a leading innovative technology company focused on the development of new market infrastructure for the digital asset sector, including regulated trading systems for private capital raising and secondary trading of digital securities.
About Templum Markets, LLC
Templum Markets, LLC is a broker-dealer registered with the U.S. Securities Exchange Commission and the Financial Industry Regulatory Authority (FINRA). Templum Markets is the operator of an Alternative Trading System (ATS) for the secondary trading of digital assets that are securities. To learn more about Templum Markets, visit their website at tradetemplum.com.
Eric Soderberg Forefront Communications Group, Inc. 914 414 2884 firstname.lastname@example.org
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