Aspen Digital And Templum Complete $18 Million Security Token Sale For St. Regis Aspen Resort
Elevated Returns raised $18 million during the first security token offering (STO) on Indiegogo crowdfunding platform.
Accredited STO participants invested in security tokens of ERC-20 Aspen Coin standard, secured by real estate. Each coin represents a share in the Investment Fund of the St. Regis Resort Aspen Hotel in Colorado.
Aspen Coin owners can sell coins only through Templum Markets LLC, regulated by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
Recall, in August, the Indiegogo team announced that it planned to place security-tokens secured by real estate on the platform.