Renowned security token exchange tZERO in collaboration with Aspen Digital Inc. has now permits trade for Aspen’s digital security.
The ‘ASPEN’ token, earlier referred as ‘Aspen Coin’, represents $18 Mln worth of indirect ownership within the St. Regis Aspen Resort – a five-star, 179-room hotel in Colorado. ASPEN’s listing on tZERO comes as the popularity of real estate tokens continues to point out steady growth.
Real Estate Security Token Offerings
Aspen Digital’s August 2018 token sale was widely considered to be the primary real estate security token offering, with the firm issuing 1.675 Mln shares at $20 USD each. While the tokens were originally ERC-20s issued via Templum’s secondary market, they were migrated onto Securitize earlier in the month of January last year.
Real estate tokens have seen a growing hike within its popularity recently, with another investment platform, RealT, hosting token sales for 17 properties within the U.S. – 15 of which have since been already sold out.
Nine of RealT’s tokens are presently trading on secondary markets, representing on the brink of $90k in monthly volume.
tZERO’s Trade Volume Hikes Over 1,500%
tZERO’s trade volume hiked over 1,500%, from $125k to $2.02 Mln in solely two months following the airdrop of Overstock’s ‘OSTKO’ security token and subsequent listing on the tZERO alternative trading system.
Over 4.37 Mln OSTKO tokens were airdropped to Overstock shareholders at a ratio of 1 security token for each ten shares held within the company. OSTKO is presently the only-most traded security token, driving over $1.7 Mln in monthly trade onto its platform.