AlphaPoint and Elevated Returns Partner to Build Secondary Market for $1B USD Tokenized Real Estate Shares
AlphaPoint, the leading global provider of asset tokenization software and digital asset trading technology for licensed broker-dealers, ATS, and exchange operators, has been selected as the exchange technology provider for Elevated Returns’ tokenized real-estate offerings in Thailand and other regulated markets throughout Asia. Elevated Returns is a digital asset management company best known for its tokenization of the St. Regis Resort in Aspen, which raised $18 million USD through a security token offering (STO) in 2018, the first of its kind to successfully tokenize a trophy real estate asset. AlphaPoint, which recently announced an upgrade to its technology stack to cater to enterprise-grade clients in the security token offerings ecosystem, will provide the white label exchange technology powering the secondary market for Elevated Returns’ tokenized real-estate shares, which are secured on the Tezos blockchain.
Salil Donde, AlphaPoint CEO, said: “AlphaPoint has a proven track record of providing an unmatched quality of service to our clients through digital asset and cryptocurrency markets. Our upgraded technology stack, coupled with a streamlined focus on enabling institutions to issue and trade digitized assets, enables us to plug into the process of a security token offering to both create the token and enable a secondary market. We are thrilled to partner with a leading firm like Elevated Returns to help facilitate the execution of an STO issuance and secondary trading business. The trapped liquidity in property deals and limited access to them, globally, is a problem that AlphaPoint is aiming to solve.”
In October of 2018, Elevated Returns announced its expansion into Southeast Asia. On March 12, it completed a 21% acquisition of Bangkok-based broker-dealer Seamico Securities through an injection of new capital into the company — in turn giving Elevated Returns access to regulatory licenses and distribution capability in Thailand, a country known for being at the forefront of adoption of digital assets, and adjacent parts of the Southeast Asian region.
Stephane De Baets, President of Elevated Returns, said: “Elevated Returns prides itself on our reputation as a pioneer in the digital securities space. To that effect, we have a policy to partner with the best in class companies across industry verticals; AlphaPoint’s technology solutions for unlocking digital asset liquidity are unparalleled. Having already demonstrated the capability to integrate with the token standard that we are developing on the Tezos blockchain, AlphaPoint was the clear choice to facilitate the adoption of our tokenized real estate initiatives.”
Elevated Returns is the latest AlphaPoint customer to utilize the blockchain company’s secondary marketplace solution to provide liquidity for security token offerings. Having provided white-label exchange technology for digital asset and cryptocurrency markets since 2013 to over 100 clients, AlphaPoint’s technology for issuing STOs also continues to mature, enabling institutions to create, issue, and trade tokenized securities in a secure, private environment.
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