tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that it has partnered with ROI Group ™, a global real estate development company, to raise up to $ 50 million in preferred equity in a luxury hotel and a Digitize housing estate in downtown Dubai on the Tezos blockchain. The partnership is the ROI Group ™ s first digital security project that could be one of many future digital security offerings. Headquartered in New York, ROI Group ™ has multi-billion dollar assets under management and real estate in the United States, Canada and the Middle East. It specializes in land development, real estate investments and passive co-investments.
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Digital security will use the smart contract technology from tZERO, the management consultancy from Megalodon, and build on the Tezos blockchain. ROI Group ™ expects to issue the digital securities in the third quarter of 2021, subject to applicable law and separate documentation, and development of the building is expected to be completed in the fourth quarter of 2023. It is further expected that digital security will become tradable on the tZERO ATS, subject to legal and regulatory due diligence, which offers investors secondary liquidity.
Saum Noursalehi, CEO of tZERO, stated, "Our partnership with ROI Group ™ has the ability to transform the real estate sector and build on our dynamism in space. We are excited about our project, up to $ 50 million in it pioneering luxury hotel to digitize and act and residential development. "
A digital security offering for real estate is the process of raising capital and issuing digital securities that represent the ownership and economic interests in an underlying asset. The ability to provide secondary liquidity to investors on a regulated trading platform is an important differentiator for traditionally illiquid assets such as real estate.
The story goes on
Martin Scholz, CEO of ROI Group ™, said: "We are partnering with the world's leading real estate companies, brands, financial institutions and now technology companies. We are excited to leverage tZERO's intelligent contract technology on the Tezos blockchain for our first digital securities offering. Access and liquidity for commercial real estate. We look forward to working with tZERO on future real estate projects. "
tZERO is a technology company with the aim of democratizing access to private capital markets. tZERO is a subsidiary of Medici Ventures, the blockchain-focused wholly-owned subsidiary of Overstock.com, Inc. (NASDAQ: OSTK).
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No offer, advertising, investment advice or recommendations
This press release is for informational purposes only and does not constitute an offer to sell, an invitation to buy or a recommendation for any security, nor does it constitute an offer to provide investment advice or other services by tZERO or any of its affiliates or subsidiaries Employees, directors or employees. No reference to any particular security is a recommendation to buy, sell, or hold that security or any other security. Nothing in this press release constitutes a solicitation or an offer to buy or sell any security, future, option or other financial instrument, or to offer it or providing investment advice or service to any person in a jurisdiction. Nothing in this press release constitutes investment advice or offers an opinion as to the suitability of any security, and views expressed in this press release should not be construed as a recommendation to buy, sell or hold any securities. In preparing the information contained in this press release, we have not considered the investment needs, goals or financial circumstances of any particular investor. This information does not take into account the specific investment objectives, financial situation or needs of any particular recipient of this information, and the investments discussed may not be suitable for all investors. All of the views we have expressed in this press release were prepared based on the information available to us at the time these views were prepared. Changed or additional information can cause such views to change. All information is subject to possible corrections. Information can quickly become unreliable for a variety of reasons, including changes in market conditions or economic circumstances.
Forward-Looking Statements
This version contains forward-looking statements. In addition, tZERO, its subsidiaries or its representatives may from time to time make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections of future events that are derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections. Sales and earnings growth; and business prospects and opportunities. You can identify forward-looking statements by people that are not historical in nature, including words such as "may," "should," "expects," "anticipates," "considers," "estimates," "believes," "plans." “,“ projected ”,“ forecast ”,“ potential ”or“ hopes ”or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including, without limitation: the ability of tZERO and its subsidiaries to change direction; tZERO's ability to keep pace with new technologies and changing market demands; and competition. These and other factors could cause actual results to differ materially from those forward-looking statements. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other forward-looking events made from time to time by tZERO, its subsidiaries or their respective agents may not occur and actual events and results could differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries and its agents are under no obligation to publicly update or revise forward-looking statements, whether due to uncertainties and assumptions, the forward-looking events discussed in this press release or other statements made by tZERO from time to time, its subsidiaries or its subsidiaries Representatives may not appear.
About tZERO
TZERO Group, Inc. and its broker-dealer subsidiaries (tZERO) provide an innovative liquidity platform for private companies and assets. We offer institutional solutions for issuers who want to digitize their capital table using blockchain technology and trade with a regulated alternative trading system. tZERO democratizes access to private assets by offering brokers, traders, institutions and investors a simple, automated and efficient trading platform. Further information on tZERO can be found at https://www.tzero.com/.
tZERO is not a registered brokerage dealer, financing portal, underwriter, investment bank, investment advisor or investment manager and does not provide brokerage, investment banking or underwriting services, referrals or investment advice to anyone and does not offer any brokerage services. tZERO does not participate in the negotiation or execution of secondary market transactions for the purchase or sale of any securities and at no time has any ownership of investor funds or securities in connection with such transactions.
About tZERO ATS
tZERO ATS, LLC is a SEC registered broker-dealer and a member of FINRA and SIPC. Further information on tZERO ATS can be found at https://brokercheck.finra.org/. Digital securities traded on tZERO ATS are traditional uncertified securities. Ownership of such securities is reflected in the traditional books and records of regulated market participants. Currently, the term "digital" refers to the blockchain technology elements of a security that are designed to enhance the investor experience through additional transparency. tZERO ATS, LLC operates the alternative trading system known as tZERO ATS and has the right to determine which digital securities may be traded on tZERO ATS by its subscribers at its sole discretion. No investor should rely on this press release as evidence that a secondary market or liquidity will exist for the securities.
About the ROI Group ™
ROI Land Investments Ltd. and its ROI Group ™ branded subsidiaries and affiliates, founded in Nevada in 2013, are a global real estate development company focused on land development, passive co-investments and active lead real estate investments. The ROI Group ™, headquartered in New York and with subsidiaries in Montreal, Dubai, Luxembourg and Nürtingen, specializes in unique international real estate investment opportunities. Further information is available at: https://roigroup.com/.
About Tezos
Tezos is intelligent money and redefines what it means to hold and exchange value in a digitally connected world. A self-upgrading blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without experiencing network disruptions today. To learn more, visit Tezos.com.
About megalodon
Megalodon is a boutique management consultancy. The company specializes in advisory services that focus on fintech and (digital) securities. Further information can be found at: https://megalodon.ae/.
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contacts
tZERO Media:
Alexandra Sotiropoulos, + 1-347-293-1416
[email protected]
Investor:
Michael Mougias, + 1-347-293-1248
[email protected]
ROI Group ™
Investor:
[email protected]