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Taiji Capital Launches Hong Kong’s First Token-Based Real Estate Fund


by CoinEdition

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  • Local news confirms that Taiji Capital is launching Hong Kong’s first real estate fund STO.
  • The STO, named PRINCE is introduced via Taiji’s subsidiary Pioneer Asset Management.
  • After regulatory approval, the PRINCE token will be listed on HKbitEX.

As reported by local news outlets, investment firm Taiji Capital has announced the launch of Hong Kong’s first real estate fund Security Token Offering (STO) through its subsidiary Pioneer Asset Management. The “closed-end fund” revealed that STO PRINCE will allocate exclusive tokens to professional investors, with the goal of securing HK$100 million in funding.

Additionally, the capital raised will be used to acquire ownership rights for a group of five interconnected shops situated along Prince Edward Road West in Kowloon. Meanwhile, To enable 24-hour trading and decrease financing expenses, Taiji Capital plans to list the PRINCE token on HKbitEX, the firm’s virtual asset trading platform, if regulatory approval is granted.

Zhang Zhongyu, the Vice President of Capital Markets and Asset Management Business at Taiji Capital, noted that STOs offer lower financing costs for real estate developers and owners w…

The post Taiji Capital Launches Hong Kong’s First Token-Based Real Estate Fund appeared first on Coin Edition.

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Taiji Capital Launches Hong Kong’s First Token-Based Real Estate Fund


by CoinEdition

Share:

  • Local news confirms that Taiji Capital is launching Hong Kong’s first real estate fund STO.
  • The STO, named PRINCE is introduced via Taiji’s subsidiary Pioneer Asset Management.
  • After regulatory approval, the PRINCE token will be listed on HKbitEX.

As reported by local news outlets, investment firm Taiji Capital has announced the launch of Hong Kong’s first real estate fund Security Token Offering (STO) through its subsidiary Pioneer Asset Management. The “closed-end fund” revealed that STO PRINCE will allocate exclusive tokens to professional investors, with the goal of securing HK$100 million in funding.

Additionally, the capital raised will be used to acquire ownership rights for a group of five interconnected shops situated along Prince Edward Road West in Kowloon. Meanwhile, To enable 24-hour trading and decrease financing expenses, Taiji Capital plans to list the PRINCE token on HKbitEX, the firm’s virtual asset trading platform, if regulatory approval is granted.

Zhang Zhongyu, the Vice President of Capital Markets and Asset Management Business at Taiji Capital, noted that STOs offer lower financing costs for real estate developers and owners w…

The post Taiji Capital Launches Hong Kong’s First Token-Based Real Estate Fund appeared first on Coin Edition.

Read the article at CoinEdition

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Share:

In This News

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Share:

Read More

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