Your First Captivating Topic of the Week

🏡 $4B Portfolio Coming On-Chain: RedSwan CRE and WhiteRocks Holding

Exciting news coming from Houston: RedSwan is going to be tokenizing a $4B real estate portfolio for their Dubai-based client, WhiteRocks Holding. This consists of 36 mixed-use properties in the Middle East Gulf States region featuring an 80% stabilization rate across office, multi-family, retail, and industrial sectors, complemented by 20% prime development sites.

RedSwan will be tokenizing the Cushman and Wakefield-appraised portfolio as a fund structure, giving token holders exposure to a variety of properties. According to the press release “CBRE projects a 5.70% growth rate from 2023 to 2028, with a current development pipeline valued at $1.4 trillion.”

That means that the prime development sites making up 20% of the portfolio are poised to grow with the market (this is not financial advice).

Want to see some of the properties? We feature a video within our most recent interview with RedSwan’s Ed Nwokedi, check it out on YouTube!

For context, RedSwan CRE has been a leader in the real estate tokenization space through their combined 65 years of real estate experience and aggregate $5 billion they’ve put on-chain… now in one deal they’re almost doubling that and this could just be the beginning 👀:

Make sure to check them out at RedSwan.io, learn about their offerings (including their own RegCF), watch our interview, and join us for a Twitter Space on @Wolf_Financial on Friday at 4pm EST where you can ask Ed anything you’d like!

A Message from The Security Token Show

Have you noticed anything different on The Security Token Show? We have a new format to cover more news, new segments, and for the first time in 4 years we are bringing on guests and interviewees to comment on exciting announcements during the show!

Are you interested in coming on the show? Share your company updates directly to stomarket.com/news or email [email protected] for consideration on the following week’s episode!

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Your Second Captivating Topic of the Week

🛑 Trading is Coming to a Halt: Exodus <> tZERO/Securitize

It’s the end of an era with the go-to RegA example, Exodus, announcing they won’t be trading on tZERO Securities ATS or Securitize Markets anymore as they prepare to list on OTC Markets OTCQB.

Some background:
Exodus closed its Regulation A+ Public Offering on May 5, 2021. The company issued 2,733,229 shares of its Class A common stock and raised $75 million in gross proceeds - the full amount allowed through RegA+ (also referred to as “the mini IPO”). Because of the filing’s similarity to going public as far how stringent it is, the EXOD token has been a prime example for issuers looking to raise capital from a retail audience.

The fact that Exodus was able to raise the maximum amount allowed made the complex process all the more worth it, followed by dual-listing the token on Securitize and tZERO.

Trading will stop at the end of the day today, December 11th after which tZERO token holders will be transferred over to Exodus’ transfer agent, Securitize. Of course shareholders on Securitize Markets are already direct record holders.

We wish them well at their future home with OTC Markets. Will another RegA+ offering come soon and take their place? Let’s hope.

Now Tracked on STM

NEW: Republic Note ($NOTE)

Reports

State of Security Tokens 2023 - Q3 Report

The Security Token Advisors State of Security Tokens 2023 - Q3 report is brought to you by Security Token Market!

Shared through CoinDesk’s Crypto Long & Short, Peter Gaffney dives deep with updates from across the industry, from issuers to platforms to protocols. Take a read for analysis on common themes emerging for both primary and secondary markets!

This is not financial or investment advice.

TokenizeThis: Highlights and Key Takeaways Report

We’re proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!

Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.