First Ever Security Tokens Created On Ignis - Real Estate Company Issues Shares On Ardor's Ignis Blockchain
Max Property Group B.V. has announced the creation of the first security tokens on the Ardor platform, with Asset I.D. 7646766282089936451. The tokens have been called 'MPGS' and represent Max Property Group B.V. certified shares. The certified shares have the same rights to profit and company ownership as normal shares, with the exception of voting rights.
Max Property Group, a Dutch company that owns real estate crowdfunding platform, Max Crowdfund, as well as property funds with millions of Euros of of assets under management in the Netherlands, the United Kingdom and Germany, has tokenised a part of its shares on Ignis as a Controlled Asset. The MPGS security tokens represent certified shares in the company as will be reflected in the official share register. These shares will be controlled by a STAK, a Dutch Foundation.
"The business world is changing, especially in the real estate sector. We must evolve alongside technology if we are to stay ahead of the game. Max Property Group has been developing in line with emerging blockchain technology since 2017 and this is another step towards the digitalisation of our business space," says Max Property Group's Managing Director, Mark Lloyd.
About Max Property Group
Max Property Group (MPG) is a real estate company based in the Netherlands and established in 2016. Its founders, including Munte Immobilien in Germany, have been active in the real estate industry for several decades. In addition to managing property funds, Max Property Group also engages in property sales, management and rental activities, as well as running a property investment and blockchain academy. MPG has been developing the Max Crowdfund platform since 2018.
Max Crowdfund is a real estate investment platform where real estate investment opportunities can be listed by developers, purchased by investors, and overseen by authorities, on a global scale. The addition of DLT means that every transaction is recorded on the blockchain and can be performed almost instantaneously.
About Ardor
Ardor is a BaaS platform developed by Jelurida, a blockchain software company that enables customers to cooperate and promote unique value propositions, as well as create new business. Jelurida offers the proof of stake consensus and parent/child solutions built on top of five years of software development, IT experience and technological leadership.
SOURCE Max Property Group
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