HK Property Firm with $6B Portfolio Seeks Regulatory Approval To Tokenize Real Estate

In the start of June 2019, the Stan Group has signed a Memorandum of Understanding (MoU) with Liquefy, a security token issuance platform. The MoU included the possibility of tokenizing real estate where investors can transfer blockchain-based tokens which represent fractional ownership of real estate assets.

Now the firm with $6B real estate portfolio seeks approval by Hong Kong’s Securities and Futures Commission (SFC) to issue real estate backed tokens.

In March 2018, the SFC issued detailed guidance explaining how security tokens must abide by the commission’s existing securities law, a similar approach to the SEC in the United States.

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