” Obraztsov said. “On this road the United States is the next step. For asset-holders interested in fractionalized ownership Smartlands’ UK efforts may provide a roadmap. In June the company launched one of Britain’s early real estate tokenization projects, crowdfunding about £1 million for a student housing complex.
That listing is projected to yield investors about 15% annually. Obraztsov said modest returns on low-risk assets will continue to be Smartlands’ target as it moves beyond real estate. Green energy, commodities and late-stage startups are all being considered, Obraztsov said. Smartlands had already been working under UK regulators’ approval and its partnership with IIP Securities only clears one barrier to U.S. entry.
Both firms will gin up on local regulatory framework in the coming months. They intend to launch in the U.S. in Spring 2020. In the past year a handful of high-profile crypto-focused firms have moved towards securing broker-dealer licensing, including the Winklevoss-controlled Gemini exchange and Harbor, which recently gained regulator approval. “Harbor’s securing a broker-dealer license was a huge step forward for the security token landscape,” Obraztsov said.
Galyna Danylenko, PR Lead for Smartlands, said the company would build out a New York team soon.
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