CoFund tokenizes $10M hotel in Bali via Tokeny
The minimum purchase amount for the hotel's tokenized ownership is $1,000. On Apr. 11, token ization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate token ization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security token s on the Polygon (MATIC) network to token ize a $10 million hotel in the Indonesian island resort of Bali. According to Tokeny, investors can own a piece of the hotel starting with a minimum investment of $1,000. Luc Falempin, CEO of Tokeny, commented: "Simple ERC20 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." Meanwhile, Giri Kayogiswara, CEO of CoFund, added: "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 en...