Terazo, a private market investment platform in India, has joined forces with Tokeny, the leading tokenization platform, “to spearhead the first regulated tokenized real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA).” Tokeny is a top digital securities platform based in Luxembourg. Tokeny has already enabled various securities as digital assets in Europe while partnering with established financial services firms.
IFSCA is a dynamic regulator committed “to driving India’s fintech innovation and propelling the nation to the forefront of the global financial services landscape.”
Terazo’s involvement and authorization “to operate within the sandbox strengthens investor confidence and enables the platform to present premium private assets to a broader range of investors.”
Historically, private investments, particularly in real estate, “have been limited to wealthy individuals, excluding the majority from access.”
With regulatory approval and Tokeny as its technology partner, Terazo seeks “to democratize the market through its flagship project, Oryx and beyond.”
Oryx, a ~USD 50 million greenfield development, is “the first regulated tokenized real estate project in India.”
Terazo, through its maiden USD 7 million tokenized fund, “will allow qualified primary investors the opportunity to invest in Oryx, from $100,000 and allowing secondary investors with as little as $1,000.”
The ~8,50,000 sq ft Grade A Commercial Property is “located in the heart of GIFT SEZ, India’s first global financial services hub, and is positioned as the first step to revolutionize the real estate investment landscape in India.”
By working closely with Tokeny, Terazo has “utilized its SaaS tokenization platform to seamlessly issue and administer asset-backed tokens on the Polygon blockchain.”
Leveraging Tokeny’s infrastructure and the open-source ERC3643 protocol, Terazo is able to “incorporate compliance measures and automate ownership transfers, simplifying asset management for investors.”
This new strategic partnership also “ensures fully traceable and unalterable cap tables on the blockchain, granting investors unmediated ownership and transparency.”
Furthermore, Terazo can now “carry out real-time procedures, including the distribution and token recovery tool of tokens to investors.”