Tokeny and CoFund Join Forces to Tokenize Bali’s $10 Million Hotel

Partnership Overview

In a significant move within the tokenization landscape, Tokeny has teamed up with CoFund, a marketplace specializing in real estate tokenization on Ethereum. Announced on April 11, this collaboration aims to issue compliant ERC-3643 security tokens that will empower investors to own a piece of a luxurious hotel situated on the breathtaking island of Bali for as little as $1,000.

Why ERC-3643?

The world of digital assets frequently raises compliance concerns, especially as the regulatory landscape evolves. Luc Falempin, the CEO of Tokeny, emphasized the necessity of using the ERC-3643 token standard for this venture. He noted,

“Simple ERC-20 tokens and NFTs don’t meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our partners can enforce compliance, even on a permissionless blockchain.”

Investment Opportunities

This partnership opens an exciting avenue for investors. Now, anyone with a starting capital of $1,000 can invest in a piece of Bali’s real estate. With such an accessible entry point, it’s clear that Tokeny and CoFund are targeting not just traditional investors but also newcomer investors looking for viable opportunities in real estate.

Comments from the Executives

Giri Kayogiswara, CEO of CoFund, shared his enthusiasm about the collaboration, stating,

“With Tokeny’s proven platform, we can create a secure and accessible real estate investment market that meets the needs of all types of investors while ensuring compliance.”

This sentiment highlights their shared goal of crafting a market that is open and tailored for everyone.

Technology Infrastructure Benefits

Tokeny’s state-of-the-art infrastructure enhances the appeal of this collaboration. They offer fully auditable and immutable capitalization tables of securitized tokens directly on the blockchain, providing unparalleled transparency. Tokeny also supports real-time distribution and transfer of tokens, ensuring a smooth investment process for all parties involved.