Press conference CROWDLITOKEN

Press conference CROWDLITOKEN

 

For the first time in Europe, the Liechtenstein Financial Market Authority (FMA) has approved the prospectus for a tokenised real estate investment product. CROWDLITOKEN AG will soon start issuing digital real estate bonds in ten European countries via a security token offering (STO). By using blockchain technology, qualified investors and for the first time retail investors are enabled to invest in first-class real estate in Europe.



CROWDLITOKEN AG – evolution in real estate investment

I n mid-April, the FMA approved the application submitted by the Liechtensteinbased start-up CROWDLITOKEN AG, thus creating the foundation for a new generation of digital financial investment products. The distribution authorisation for retail investors allows the company to distribute security tokens in the core countries of the European Economic Area (EEA). Investors domiciled in Liechtenstein, Germany, Austria, Italy, France, Belgium, Luxembourg, the Netherlands, Ireland and the United Kingdom will be the first beneficiaries of this new opportunity.

In a first phase, CROWDLITOKEN AG has already gained selected qualified investors to allocate funds to the bond offering. With the prospectus approval by FMA secured, the private sale can be completed within the next few weeks and the second public phase – the pre-public sale for retail customers – will begin in May. The ability to invest small amounts in selected European real estate (starting at CHF 100 or EUR equivalent), the easy tradability and the investment flexibility are key innovative features of this unique real estate investment product.

It shall soon be possible to also benefit from this offering in Switzerland – as a first step for qualified investors. The respective application is currently being considered by the Swiss Financial Market Supervisory Authority (FINMA). “The prospectus approval by FMA is an important milestone for us, setting many wheels in motion,” said a delighted Reto Fierz, Chairman of the Board at CROWDLITOKEN AG.

 

The tokenisation of real estate

CROWDLITOKEN AG targets to raise CHF 100 million through the STO, the funds will be used to build up the real estate portfolio. CROWDLITOKEN’s clear goal is to bring real estate investments into the digital era by using blockchain technology and thus democratise access to the market.

To this end, the company is launching a security token that combines the advantages of direct and indirect real estate investments. Domenic Kurt, CEO of CROWDLITOKEN AG, commented: “This represents an evolution in the world of financial products. New technologies are enabling us to launch a first-class product that not only offers new investment opportunities, but also remedies inefficiencies, cuts costs and safeguards transparency.” In concrete terms, the product is a digital representation of a subordinated bond, whereby both the bond as well as the underlying real estate is digitised via blockchain. The token – named the “CRT” – replicates the income streams and the value changes of the real estate properties. Holders of the tokens will benefit from an attractive yield of 5–7% p.a.
 

On the road to a digital financial world

Blockchain technology is opening up new opportunities: it allows consumers and service providers to link up directly with one another, simplifies market access and increases efficiency. With the prospectus approval by FMA, the Liechtenstein-based company is enabling new investors to make direct investments in a market previously reserved for the wealthy and is thereby breathing fresh life into the investment industry.
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DISCLAIMER

The content on this website and the Whitepaper was created by CROWDLITOKEN AG and serves as general information about the CROWDLITOKEN project. This information is given in a summarized form and is not exhaustive. CROWDLITOKEN AG has made every effort to ensure that the facts on this website and in the Whitepaper are accurate and that forecasts, opinions and expectations are reasonable and adequate, but they have not been independently verified. CROWDLITOKEN AG and its affiliates or their respective agents, employees or agents make no representations or warranties as to the accuracy or completeness of the information.

The information contained on this website and the Whitepaper may contain forward-looking statements based on a number of assumptions regarding the current and future business strategies of CROWDLITOKEN AG and regarding the environment in which CROWDLITOKEN AG will be in the future. These assumptions may or may not apply in practice. Actual results may differ materially from those anticipated under such forward-looking statements due to a variety of risk factors, including the risk that the implementation and launch of the offer to investors may take longer than anticipated or may not occur at all, the risk of regulatory changes, the risk of changes in national and international economic conditions and other risks.

The Security Token Offering (STO) contemplated on this website and in the Whitepaper is subject to a prospectus which was prepared in accordance with Directive 2003/71/EC, as implemented in Liechtenstein. The prospectus which is the legal basis for the issuance of Crowdlitokens has been approved by the Financial Market Authority (FMA) of Liechtenstein on April 12, 2019. But FMA assumes no responsibility as to the economic and financial soundness of the Tokens or the quality or solvency of the Issuer. The Issuer is not licensed as a financial institution and is not subject to the oversight or supervision by FMA or any other financial market supervisory authority.

Potential investors are cautioned that the subscription of CROWDLITOKEN is subject to restrictions imposed by laws of different countries. In particular, the CROWDLITOKEN are not and will not be governed by the US Securities Act of 1933 (as amended from time to time) or under the securities laws of any state or other jurisdiction of the United States of America, and may not be offered, sold, held, exercised, resold, handed over or transferred, whether directly or indirectly. CROWDLITOKEN are not and will not be audited, permitted or disapproved by any US regulatory agency, notably the US Securities and Exchange Commission, nor has any US regulatory agency reviewed or approved the contents of this website and the Whitepaper. Any representation or indication to the contrary is liable to prosecution in the United States of America.

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3. Your Rights:

In principle, you have the right to information, correction, deletion, restriction, data transferability, revocation and opposition. You can reach us as follows:

CROWDLITOKEN AG
Austrasse 15
P.O. Box 101
9495 Triesen
Liechtenstein
Email: [email protected]

If you believe that the processing of your data violates data protection law or your data protection rights have otherwise been violated in a way, you can complain to the supervisory authority. In Switzerland, this is the Federal Data Protection and Information Commissioner (FDPIC).

Our representative in the EU according to article 27 (1) GDPR is:

Richard Schuler
Senator-Burda-Park / BIZZZ
Freiburger Str. 41
77652 Offenburg
Germany

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