STO exchange ERX has started distributing rental income to 7,000 holders of the real-estate-backed token SIRIHUB. These are the revenue generated by rental income of the underlying asset.
ERX X SIRIHUB Revenue Distribution
While most banks have diminished interest rates on saving accounts to nothing or even negative rates, new financial products that utilize the Tezos blockchain allow both small and large investors to tap into the revenue generated in the real estate market.
ERX is a Tezos-based exchange, created by Elevated Returns, and specifically designed to trade Security Token Offerings (STO).
STO’s are classified as securities and trading them will need to be done while following strict regulations. This can be done by implementing all the rules and restrictions of these regulations in the tokens through smart contracts on the Tezos blockchain.
Each STO will have its own regulations to follow. This means that each STO will have its customized rules and restrictions implemented in a custom token.
The smart contracts on the blockchain allow the automation of several required processes in an immutable and transparent way.
This way, utilizing smart contracts, allows you to cut out one or more middlemen. This brings many advantages such as cost reduction and a large reduction in process times.
In short:
Limiting the possibility to trade these tokens strictly on ERX, allows the enforcement of these regulations automatically through the Tezos blockchain without the interference of lawyers, notaries, or brokers.
Another advantage of tokenizing assets such as real estate into STOs is the fact that large assets can be sold fractionalized.
An entire building can now be owned by a large number of investors who all share in the revenue that building brings.
ERX and Tezos
The Tezos blockchain is an important component of ERX. All traders that register on ERX will have personal addresses on the Tezos…
