March blockchain conference seeks to ‘tokenise’ Thai real estate
Elevated Returns (ER), a New York-based financial group focused on digitising traditional financial assets, is in partnership with Seamico Securities Plc and Tezos hosting DS Summit 2019 Thailand, a blockchain conference, on March 11 in Bangkok.
The aim is to bring together more than 300 blockchain-industry leaders, regulators, policy makers, business executives, tech innovators and investors to discuss opportunities for blockchain and digital securities in Thailand.
Following success with the token sale of the St Regis Aspen Resort, ER is planning to tokenise the global real estate market by selling shares in the form of digital tokens, targeting US$250 million of transactions this year, including a $100-million deal in Thailand.
“Tokenisation is a method whereby assets such as real estate, art or stocks are transformed into tradeable digital contracts known as security tokens, which reside on a blockchain,” said Stephane De Baets, ER founder and president.
“We have huge ambitions in bringing this to the global real estate market. In Thailand in the coming months, we will focus on educating the market on asset tokenisation on blockchain and the benefits of digital securities.”