RATE Group | Liechtenstein Regulators Approve Ethereum-Based Real Estate Fund
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Liechtenstein Regulators Approve Ethereum-Based Real Estate Fund

23 Jan Liechtenstein Regulators Approve Ethereum-Based Real Estate Fund

Posted at 14:31h in Ethereum News by

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A fully-regulated tokenized real estate fund has been approved by officials in Liechtenstein.

The AARGOS Global Real Estate Fund was approved as an alternative investment fund (AIF) by Liechtenstein’s Financial Market Authority (FMA), the company announced. The fund provides exposure to a global real estate portfolio through AARGO security tokens – built on the ethereum blockchain – with each token representing one share in the fund.

The fund was created by Ahead Wealth Solutions, a financial services provider based in the nation’s capital Vaduz, in collaboration with Bank Frick and blockchain technology provider Token Factory.

AARGO tokens have been designed to ensure only legally-compliant transactions can be executed, Token Factory said in a blog post at the beginning of the week. In other words, only investors who have completed the requisite KYC/AML forms can actually hold the token.

The fund’s tokenization will also create “greater efficiency and a higher degree of…

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