Crowdlitoken places 16 million Swiss francs
Crowdlitoken specializes in issuing digital bonds. The fintech company has issued tokens worth 16 million Swiss francs in an initial funding round. Investors can use these to compose their individual real estate portfolio.
Crowdlitoken AG, a fintech company from Triesen, has stated in a press release that the Financial Market Authority of Liechtenstein (FMA) approved its digital real estate investment product in April 2019. Following this, Crowdlitoken has launched real estate bonds in several European countries via a digital product offering (DPO). Crowdlitoken writes that this DPO was “recently closed successfully with 16 million tokens bought.”
The company goes on to explain that the next step is for the 454 investors to be able to place their tokens “on selected investment properties” from summer 2020 onwards. Crowdlitoken is currently creating a corresponding portfolio of investment properties in Switzerland and Germany. Two properties in Switzerland have already been reserved. The portfolio aims to have properties totaling 30 million Swiss francs in the end.
Additionally, Crowdlitoken plans to extend the portfolio to other European countries. A second round of funding is already scheduled to take place this quarter for this. According to the press release, over 300 additional investors have already registered their interest.