Hong Kong: Tykhe Capital Launches HK’s First Real Estate STO with PRINCE Token

Tykhe Capital Group Limited (Tykhe) unveiled the PRINCE Token today, marking Hong Kong’s premier real estate fund security token offering (STO) accessible to professional investors.

This initiative is the inaugural STO sanctioned under the Securities and Futures Commission (SFC) regulations.

Enabled by Tykhe’s virtual asset licenses, Web 3.0 technological prowess, and a proficient execution team, the STO ushers in an era where digital finance reshapes investment landscapes. Funds garnered from the PRINCE Token will be channeled into acquiring a five-unit retail property in Kowloon’s prime tourism locale, Prince Edward.

Crafted as digital securities within a closed-ended fund, PRINCE Tokens are managed by Pioneer Asset Management Limited, a subsidiary of Tykhe. Breaking from tradition, the token requires a mere subscription of HK$1,000, a fraction compared to the typical US$1 million expected by private real estate funds.

Investors in PRINCE Tokens stand to gain from rental incomes and appreciation of property value.

Furthermore, investors will receive a digital wallet from ON1ON Custody, another Tykhe subsidiary, to store their PRINCE Tokens. Ensuring utmost security, these tokens benefit from virtual asset insurance from a renowned Hong Kong insurer.

A significant leap from traditional fund models, PRINCE Tokens offer settlements on the Ethereum blockchain, facilitating instant secondary market OTC trading. Additionally, subject to approvals, the tokens may soon find a listing on HKbitEX, boosting their liquidity prospects.

The PRINCE Token framework offers property investors and developers innovative financing avenues, serving as a hedge against high bank interest rates. By sidestepping traditional finance channels, the token model offers lower capital costs and flexibility.

Dr. Gao Han, Chairman of Tykhe Capital Group Limited, commented on the launch:

This STO transforms real estate capital raising and broadens investment horizons through our regulated Web 3.0 infrastructure.

A supportive macro climate, underpinned by a surge in inbound tourists post the Hong Kong-China border reopening and robust retail growth, paints a promising picture for Hong Kong’s retail property market. Positive regulatory moves also bolster this innovative investment tool.

Concluding, Dr. Han expressed optimism about supporting various sectors linked to Hong Kong and Greater China’s economy, enhancing the digital financial landscape.

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