Issuance, a marketing platform provider focused on digital securities, announced on Monday that it had reached a marketing agreement with BlockEstate, which operates a tokenized property fund that applies predictive analytics methods to generate returns for its clients. BlockEstate issues security tokens that are backed by a proportional share of its fund known as BlockEstate Alpha Fund. The tokens were created on Ethereum based on Polymath’s ST-20 standard.
Issuance will help BlockEstate reach a wide variety of real estate and financial market participants operating with digital securities. Issuance runs a network of crypto hedge funds, venture capital firms, and family offices that show interest in security tokens.
Issuance CEO Darren Marble commented:
“We are excited to partner with and serve as a strategic marketing advisor to BlockEstate, one of the world's first companies to provide investors access to the US real estate market through tokenized equity.”
“Tokenized real estate funds are an exciting new asset class, and we are honored that BlockEstate has chosen to partner with Issuance on their fundraising initiative,” he added.
BlockEstate was established in August of this year at the Blockchain Futurist Conference in Toronto, Canada. The startup recently partnered with Polymath to use its security token standard. It also collaborates with CoinList's ComplyAPI, with the latter being its investor funding portal.
BlockEstate’s team has managed a combined $650 million in real estate assets. BlockEstate co-founder Steven Skinner said:
“BlockEstate is creating easier access to the lucrative US Real Estate market with unique tax saving benefits. We are very excited to be partnered with Issuance for investor education and outreach for our future private fund offering.”
Issuance’s partnership with BlockEstate comes two weeks after the marketing platform operator reached an agreement with Securitize, a blockchain firm that enables clients to tokenize real-world assets. In addition, the company recently announced the collaboration with OpenFinance Network, the first security token platform regulated in the US.