CoFund, a pioneering marketplace in the field of real estate tokenization, has announced its partnership with Tokeny, the leading tokenization platform. The collaboration enables CoFund to leverage Tokeny’s innovative platform to bring institutional-grade real estate assets to the masses, issuing ERC3643 security tokens on the Polygon network.
CoFund is determined to establish itself as a premier marketplace for real estate tokenization by enabling a global investor base to invest in top-tier real estate assets, earn passive income, and engage in secure peer-to-peer trading on the blockchain. With a deep commitment to compliance, CoFund has chosen the ERC3643 standard for permissioned tokens.
CoFund’s flagship offering is a $10 million luxurious hotel situated in the heart of Bali, where investors can participate with as little as $1,000. Bali is a renowned vacation destination and a hub for tourism, with a remarkable 9.2 million international visitors in 2019, according to the Indonesian Ministry of Tourism.
Bali, a first step
For decades, Bali’s thriving tourism industry has captivated millions of visitors worldwide, yet investment opportunities in this sector have been inaccessible to many. Through tokenization, CoFund allows individuals worldwide to participate in this flourishing industry.
CoFund’s primary focus is currently directed towards Bali. However, the company has plans to expand to other regions worldwide, enabling a greater number of investors to access a wider range of real estate investment opportunities.
By partnering with Tokeny, CoFund has leveraged its SaaS tokenization solution to effortlessly issue and manage security tokens, enabling fully auditable and immutable cap tables on the blockchain and providing investors with direct ownership and complete transparency. Moreover, CoFund is able to conduct real-time operations such as distributing and recovering tokens to investors with ease.
Our ultimate goal at CoFund has always been to democratize real estate investment by making it accessible and profitable for everyone. With Tokeny's proven platform, we can create a secure and accessible real estate investment market that meets the needs of all types of investors while ensuring compliance. This collaboration takes us one step closer to realizing our vision of a global real estate investment market that's open to all and we are extremely excited in starting our journey with the amazing island of Bali.” Giri Kayogiswara, CEO of CoFund