Smartlands’ First Tokenized Securities Offering is Underway

The platform’s very first securities sale is currently in progress. The sale features tokenized investments in a Purpose-Built Student Accommodation (PBSA) in Nottingham, UK.

The PBSA features 124 student apartments which are located within walking distance of Nottingham Trent University.

Construction of the property was completed in Q3 2018, and it is fully occupied for the current academic year.

The private offering is currently underway, with a minimum investment of 25,000 GBP. A public offering will commence on May 6th, with a minimum investment of 1,000 GBP.

According to the website, PBSAs typically make for a strong and stable investment. The featured case provides dividend income— more than 6% expected per year— as well as capital growth.

While Smartlands is actively pursuing a Multilateral Trading Facility (MTF) license, they are currently leveraging their stake in Shojin Property Partners. With a crowdfunding license issued by the UK Financial Conduct Authority (FCA), Shojin Property Partners is a real estate investment firm with the legal ability to perform such an offering.