Tykhe Capital Group Limited launched Hong Kong’s first real estate security token offering through its subsidiary, Pioneer Asset Management Limited. PRINCE Token is available to professional investors only and at the minimum investment amount of HK$1,000. This launch aims to raise a total of HK$100 million to fund the acquisition of five interconnected shops in Prince Edward, West Kowloon. Investor returns include rental income and anticipated appreciation in property value. Launching real estate security tokens can save at least one-third of monetary and time costs when comparing with initial public offerings (IPOs) and real estate investment trusts (REIT) listings. Subject to regulatory approval, PRINCE Token may be listed on HKbitEX in the future to boost liquidity.
Source: https://tokeninsight.com
