In the latest development, Capital Trust Group Limited has made history as the first investment management firm in New Zealand to launch a digital bond in the form of security tokens on Polygon, a public blockchain platform. The bond, referred to as the “Private Jet Residence Securities Token” (PJST), aims to fund Asia’s first and only super-luxury Private Jet Residence.
CTG’s digital bond offering is a unique way to provide alternative financing for traditional real estate projects, allowing for the fractionalization and aggregation of real asset ownership. The bond will be used to fund the first super-luxury Private Jet Residence and Golf Course Project. Investment bankers and financial advisors are also invited to participate.
Fireblocks, a provider of digital asset custody and transfer technology, has collaborated with CTG to securely mint, burn, self-custody, and distribute the bond to investors. Ownership of the bond will be recorded on the blockchain once investors have completed the purchase.
Furthermore, CTG has partnered with Power-All Networks Ltd. (PAN) to digitize real assets and bring innovation to traditional business.
Stephen Richardson, Head of APAC and SVP of Financial Markets at Fireblocks said:
“CTG’s issuance of PJST is one example of blockchain’s potential to disrupt financial markets by way of tokenization. We are delighted to support CTG in providing the most secure and robust tokenization platform, allowing for turnkey token issuance and management, as well as secure token storage and transfer.”
CTG, based in Auckland, New Zealand, and chaired by Mr. Kim Hak-Su, the 8th Executive Secretary of the United Nations ESCAP, is an investment management and proprietary trading firm. It provides an online trading platform for proprietary traders to access a range of financial products, including stocks, ETFs, bonds, options, futures, metals, and currencies through a single multi-currency online margin trading account.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, fintechs, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,600 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit. Some of the biggest crypto businesses have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love.
Photo by Chris Leipelt on Unsplash
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