11th April, Luxembourg – CoFund, a pioneering marketplace in the field of real estate tokenization, has announced its partnership with Tokeny, the leading tokenization platform. The collaboration enables CoFund to leverage Tokeny’s innovative platform to bring institutional-grade real estate assets to the masses, issuing ERC3643 security tokens on the Polygon network.
CoFund is determined to establish itself as a premier marketplace for real estate tokenization by enabling a global investor base to invest in top-tier real estate assets, earn passive income, and engage in secure peer-to-peer trading on the blockchain. With a deep commitment to compliance, CoFund has chosen the ERC3643 standard for permissioned tokens.
CoFund’s flagship offering is a luxurious hotel situated in the heart of Bali, where investors can participate with as little as $1,000. Bali is a renowned vacation destination and a hub for tourism, with a remarkable 9.2 million international visitors in 2019, according to the Indonesian Ministry of Tourism.
For decades, Bali’s thriving tourism industry has captivated millions of visitors worldwide, yet investment opportunities in this sector have been inaccessible to many. Through tokenization, CoFund allows individuals worldwide to participate in this flourishing industry.
CoFund’s primary focus is currently directed towards Bali. However, the company has plans to expand to other regions worldwide, enabling a greater number of investors to access a wider range of real estate investment opportunities.
By partnering with Tokeny, CoFund has leveraged its SaaS tokenization solution to effortlessly issue and manage security tokens, enabling fully auditable and immutable cap tables on the blockchain and providing investors with direct ownership and complete transparency. Moreover, CoFund is able to conduct real-time operations such as distributing and recovering tokens to investors with ease.
The CEO of CoFund, Giri Kayogiswara voiced his excitement: “Our ultimate goal at CoFund has always been to democratize real estate investment by making it accessible and profitable for everyone. 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 collaboration takes us one step closer to realizing our vision of a global real estate investment market that’s open to all and we are extremely excited in starting our journey with the amazing island of Bali.”
Tokeny CEO, Luc Falempin, added: “We are thrilled to be working with CoFund to help upgrade the real estate investment market. With the tokenization market accelerating, serious projects like CoFund are realizing that simple ERC20 tokens and NFTs don’t meet compliance needs. Our technology platform leverages the ERC3643 token standard to ensure our partners can enforce compliance, even on a permissionless blockchain. CoFund’s real estate expertise and our technical capabilities make for a powerful combination, bringing accessibility to real estate investment.”
About Tokeny
Tokeny provides a compliance infrastructure for digital assets. It allows financial actors operating in private markets to compliantly and seamlessly issue, transfer, and manage securities using distributed ledger technology. By applying trust, compliance, and control on a hyper-efficient infrastructure, Tokeny enables market participants to unlock significant advancements in the management and liquidity of financial instruments. The company is backed by strategic investors such as Euronext and Inveniam.
About CoFund
CoFund is a blockchain-baced marketplace for real estate, led by a team of experienced professionals who are passionate about real estate investing and blockchain technology. With over 30 years of investment banking experience, the team is committed to creating innovative solutions that make real estate investing accessible to everyone. The company believes in the power of blockchain technology to democratize investing and is dedicated to revolutionizing the real estate industry through its use.
