Fully Compliant Securities Token Offering Platform, Token IQ, Enters Into Technology Agreement With Oxygen Hospitality Group
SaaS blockchain technology platform to add smart contract logic to tokenize Oxygen Hospitality's short-term notes offering
SCOTTSDALE, Ariz., Sept. 10, 2018 /PRNewswire-PRWeb/ -- Token IQ, Inc., a leading compliant securities and asset backed investment contracts tokenization platform, has announced a technology agreement with Oxygen Hospitality Group, Inc., a Phoenix, Arizona-based real estate investment and hotel management company that acquires, redevelops, and manages a portfolio of tech-infused branded and independent U.S. hotel assets. Under this agreement, Token IQ will utilize its patent-pending token development platform to assist Oxygen Hospitality Group in initiating multiple phased offerings, including short-term notes.
Using Token IQ, Oxygen Hospitality will be one of the first in the hotel and real estate investment industry offering smart contract logic to tokenize its short-term notes offering. Short-term notes are common in real estate, however, with Token IQ, this innovative strategy will register it using blockchain's security and Know Your Customer (KYC) compliance in addition to paper notes.
"The blockchain, and more precisely smart tokens, are the new kids on the block," said Aleksander Dyo, President and Co-founder of Token IQ. "Blockchain- and crypto-communities continue to face challenges deciding on what is considered an investment contract, given that securities laws have been in place since the 1930s." Dyo continues, "The framework for digital forms of investment contracts is being redefined and further established and we are as excited to be a part of building that future and success with companies like Oxygen Hospitality Group. Oxygen is setting a path of tech innovation in the hospitality industry that will help to redefine the future of guest experience, hotel management, and ownership structures."
"Businesses looking for efficiencies and differentiation continually seek adoption of new and innovative ways to enhance the client experience," said Peter Anadranistakis, President and Co-founder of Oxygen Hospitality. "While we continue to adhere to common corporate methods and paper contracts, we anticipate achieving many efficiencies by introducing blockchain technology into the organization. It will create a bridge and merge the old system with the new era of hybrid asset ownership models to unlock a broader pool of options for growing early-stage investments by creating alternative funding mechanisms."
Hotel franchisors or brands that works with Oxygen Hospitality Group in the future will benefit from Token IQ's blockchain-powered tokenization platform. This technology, combined with Oxygen Hospitality's forward-thinking vision, has the potential to advance the overall hospitality industry's adoption of digitized solutions on the blockchain. While the agreement with Oxygen Hospitality presents a major landmark within the hospitality industry, Token IQ can be applied to, and adopted, by many industries.
Token IQ is at the epicenter of tokenizing and fractionalizing technology. In less than a year, Token IQ has moved from the idea stage to an end-to-end implementation of smart and fully-compliant securities tokens technology. The alignment with Oxygen Hospitality Group highlights and exhibits the power, precision, and possibilities that blockchain opens to solving complex business challenges and revolutionizing how corporations will maintain and leverage investor engagement.
To learn more about Token IQ, visit http://www.tokeniq.io or reach out at [email protected] with specific questions.
About Token IQ
Founded in 2017, Token IQ is a leading SaaS blockchain technology company focusing on delivering a turnkey solution for the tokenization of securities and asset backed investment contracts. The company's technology enables issuers to convert rights to an asset into smart and fully compliant digital tokens on a blockchain with the goal of eliminating middlemen, reducing fees, and creating a frictionless environment. Token IQ's solution makes capital formation more efficient while unlocking liquidity for traditionally non-liquid asset classes. Companies of any size and industry can now launch a digitized offering and seek investments with confidence. For more information, visit http://www.tokeniq.io.
About Oxygen Hospitality Group
Oxygen Hospitality Group, Inc., is a real estate investment and hotel management company focused on acquiring, redeveloping and managing a portfolio of tech-infused branded and independent hotel assets in the Sun Belt and other advantageous U.S. destinations. The Company works with registered investment advisors (RIAs) and accredited investors seeking direct investment opportunities in hotels requiring redevelopment, active asset management or operational repositioning for a return to profitability and guest experience excellence. Founded in 2017, Oxygen Hospitality is headquartered in Phoenix, Arizona. For more information, please visit: http://www.oxygenhospitality.com and follow us on Facebook and LinkedIn.
SOURCE Token IQ
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