Equisafe
Equisafe was the first STO platform to tokenize real estate on the Tezos blockchain.
In March 2020, the first STO on Tezos took place on the Equisafe platform. This was done at the “French Tech Night” at the Consulat général de France in New York.
For the launch of the Equisafe platform, they tokenized the “Pavillon de musique de la comtesse de Provence” in Versailles.
The property is officially classified as a historic monument, built in the style of Neoclassical architecture by the French King Louis XVI in 1784.
The architect was Jean-François Chalgrin and he also built the Luxembourg Palace in Paris, which is now the Seat of the French Senate.
Since then, the platform has seen enormous growth. One billion Euro total value in assets is currently managed through Equisafe, €210 million in STO’s has been financed through the platform, over 7,000 registered investors have an account, and it has seen €22.7 million total trading volume to date.
Not only do these numbers show healthy growth, but they also indicate that there is a lot of interest in managing assets such as real estate while utilizing blockchain technology (besides raising capital and launching Security Token Offerings.
STOs
STO is short for Security Token Offering. Through STOs assets can be tokenized. This means that the value of the asset is represented by tokens that are registered on a blockchain.
These Tokens are classified as a “Security”, which are assets that are strictly regulated. This means that these regulations need to be enforced. And that is where blockchain comes in.
Through sets of smart contracts that are specifically designed to enforce regulations, all limitations that are necessary to comply with these regulations can be applied.
As a result the tokens can only be traded in a way that is fully compliant to the regulations that apply to that specific STO.
In this case the decentralized blockchain guarantees the compliance to regulations in a…
