Inveniam to begin $260 Million Tokenizing Asset Deal
Real estate is always a highly potential space for tokenized security. Some companies are already exploring this mystic sea. Inveniam Capital Partners plans to tokenize buildings and infrastructure, and sell it through blockchain by means of auction.
The deal consists of four partnerships, including buying a commercial building from WeWork in Miami, buying 917 beds in three student housing projects, a North Dakota water pipeline project, and a multi-family housing in southwest Florida, in a total of $260 million.
The tokens represent interests in the limited partnership, and only qualified institutional and qualified purchasers are offered for the sale, as a private placement. Cryptocurrency and fiat are both accepted for transaction, each token will represent $50,000, minimum purchase of $500,000.