QuantmRe Launches Security Token Backed by Property Assets

Property trading platform operator QuantmRe launched its security token EQRE, which is backed by fractional equity interests in US properties.

QuantmRe, which operates a blockchain-based real estate trading platform, announced on Tuesday the launch of the EQRE security token, which allows qualified investors to get exposure to fractional equity interests that focus on US residential properties. The diversified pool of fractional interests ensures a high degree of liquidity in this US property asset class, which has been hardly touched until today and which totals $31.8 Trillion.

The security token will be distributed in collaboration with Prime Trust, which will store the digital assets on behalf of investors and will monitor compliance with anti-money laundering (AML) and know-your-customer (KYC) rules.

QuantmRE CEO Comment

QuantmRE founder and CEO Matthew Sullivan commented:

“EQRE is a security token that we believe Wall Street could love. We're creating a securities token tied to a unique class of real estate assets that can be attractive to institutions as well as small investors who want to dip a toe into crypto and real-estate assets at the same time. There is a low initial investment threshold and the tokens will have intrinsic value as they will represent ownership in a diversified pool of US-based real estate assets.” “By enabling people to make the equity in their homes liquid, without taking on debt, we are turning 'home-owers' who are carrying a mortgage, into homeowners,” he added.

In October, we reported that QuantmRE had partnered with fintech firm Securrency to develop its real estate trading platform. According to the deal, Securrency is to contribute with its Compliance Aware Token standard CAT-20. The latter is a security token protocol that ensures that the tokens comply with the regulatory requirements within the blockchain network and during secondary-market trading.