Securitize’s Blockchain Platform to Enable Fractional Ownership of Prospera’s Charter City Development in Roatan, Honduras
Próspera, a governance platform and charter city developer, announced the launch of an additional $100 million fundraise to develop the first charter city in the world, built on the Próspera governance platform. Today, investors can acquire fractional ownership of real estate in Próspera’s first Charter City in the form of a digital asset – a security token. In addition to owning a traditional book entry security, investors can choose to receive security tokens representing their shares in the company.
“This groundbreaking approach to fundraising leverages the greatest benefits of blockchain technology – simplicity, security, and tradability”
“This groundbreaking approach to fundraising leverages the greatest benefits of blockchain technology – simplicity, security, and tradability,” said Próspera President, Joel Bomgar. “By partnering with Securitize to issue our Security Token Offering (STO), we give our investors a frictionless and legally up-to-date way to have direct ownership in Próspera’s first Charter City development.”
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Securitize provides two critical financial services for Próspera. It verifies investor identity through its Securitize iD feature – making the investment process seamless and consistent with U.S. regulations. Securitize is also acting as Próspera’s digital transfer agent, in which capacity it will issue the tokenized shares and record their ownership on the Ethereum blockchain.
“Security tokens are an innovative way of both financing projects such as Prospera’s, and enabling more investors to participate. With investors able to purchase fractional ownership through a website and have their interest permanently and transparently recorded on a blockchain, investors can access opportunities that were typically out of reach,” said Jamie Finn, President of Securitize, Inc. “Próspera is leveraging the Securitize platform to validate and onboard their investors, whose security tokens will be issued, transacted and recorded on the blockchain.”
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