Crowdfunding Firm Indiegogo to Sell Real Estate-Backed Security Tokens

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The international crowdfunding firm Indiegogo will promote a new real-estate-backed token, according to a post on the company’s website.

The asset-backed cryptocurrency will enable accredited investors to buy shares of the St. Regis Aspen hotel in the form of digital tokens. According a report from The Verge, the upcoming digital token Aspen Coin is registered with the U.S. Securities and Exchange Commission (SEC), and will be available for purchase with U.S. dollars, as well as major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH).

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