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Smartlands will launch an alternative investment platform in April to buy and sell tokenized shares of real assets. The platform, built on Stellar’s open-source network, will focus primarily on issuing security tokens, a number of high-yield real estate offerings in Ukraine.
New Smartlands platform should revolutionise the real economy in Eastern Europe
How can blockchain technology revolutionize the real economy?
One of the most interesting answers is freeing up cash. Think about it: The value of the world’s nominal real estate is estimated at more than $270 trillion, while other real assets – such as businesses, debt and farms – bring the total to a much higher level.
But the inherited financial system creates problems.
Regulatory and technological barriers have made it difficult for property owners to use free capital for other opportunities. Meanwhile, most investors have overlooked the benefits of investing in the real economy, such as protecting their capital from inflation.
Smartlands fills this gap. By using blockchain technology to unlock the liquidity of traditionally illiquid assets, Smartlands enables investors and asset owners to access the immense value locked up in the real economy.
The team’s first major success came in 2019 with a Security Token Offering (STO) pilot for a student housing development in Nottingham, UK Smartlands raised enough capital from private investors to purchase 30% of Winrise One Limited, which owns the property, while the remaining 70% was owned by the original developer.
The pilot project was a success: not only did it serve as a proof of concept for the Smartlands platform, but it also made history by becoming the UK’s first token property.
Today, Smartlands takes another step towards the symbolism of the real economy.
Deployment of Smartlands platform
Smartlands will launch an alternative investment platform in April to buy and sell tokenized shares of real assets. The platform, built on Stellar’s open-source network, will focus primarily on issuing security tokens, a number of high-yield real estate offerings in Ukraine.
The platform allows owners of quality real estate to issue security tokens (STOs) to investors. Investors around the world can then buy and trade these asset-backed tokens in the secondary market, giving investors a secure way to profit from fractional ownership of real estate.
Advantage of the pioneer in Ukraine
Smartlands is in a unique position to operate such a platform. Other cryptocurrency projects aim to introduce real assets, but few have overcome the regulatory hurdles that stand in their way.
On the contrary: Smartlands has already created the legal framework for the launch of its platform in Ukraine. To achieve this, Smartlands has partnered with Quantum Attorneys, a law firm that provides top-notch legal advice on all matters related to blockchain technology.
Why is Smartlands launching its platform in Ukraine?
European countries like Ukraine and Liechtenstein have recently become among the most advanced in the world when it comes to cryptocurrencies. Ukraine’s Ministry of Digital Transformation is currently working on creating a progressive legal environment for the development and regulation of cryptocurrencies, and Ukraine’s Finance Minister recently called virtual assets promising.
Ukraine has also partnered with the Stellar Development Foundation to create a central bank digital currency, and the government plans to build mining projects for cryptocurrencies alongside its nuclear power plants.
This cryptographically pure landscape gives Smartlands an advantage, both in Eastern Europe and beyond.
The legal aspect is a stumbling block for many cryptocurrency projects, says Ilya Obraztsov, CEO of Smartlands Platform Ltd. In the UK we have already passed this test and now our Ukrainian office with the law firm Kvant has developed a stable structure for a successful start in Ukraine, which will also allow for a smooth expansion of the project.
As for the expansion of the project, it should be noted that real estate is only the first asset class that Smartlands will include on its platform. In the near future, Smartlands plans to offer initial coin placement services to small and medium-sized enterprises (SMEs) throughout Ukraine.
To achieve this goal, Smartlands recently entered into a partnership with Business Incubator Ukraine, which helps small and medium-sized enterprises in the early stages of their development.
This cooperation will open a new field of activity for us, and tokenization of shares of small and medium-sized companies will certainly help small businesses get much-needed financial investments, Obraztsov said.
Smartlands has also partnered with Agroxy, a blockchain ecosystem that provides a regional trading platform for farmers and agricultural buyers. Agroxy plans to integrate Smartlands technology into its commercial system.
In addition to these promising partnerships, Smartlands aims to provide the opportunity to symbolize a wide range of real assets, from technology platforms to debt exchange platforms, in many countries around the world.
But regardless of the facility or location, it is interesting to draw attention to the refueling operations performed on the Smartlands platform: the SLT marker.
Token SLT
On the Smartlands platform, issuers of STOs pay to market their assets. Issuers can pay fees in fiat currency, but all fees will be paid in SLT, the native token of the Smartlands ecosystem.
SLT is a unique token in the crypto-currency space. This is primarily due to the fact that qualified platform holders will receive one-third of the total proceeds from the sale of the Smartlands platform after launch.
The immediate goal of Smartlands is to symbolize $1 billion in tangible assets. If this target is met, qualified SLT holders will receive a total of approximately $16.5 million, as Smartlands will apply a 5% commission to the entire portfolio of assets on its platform and qualified SLT holders will receive 33% of this commission pool.
Smartlands expects this unique revenue sharing model, combined with the platform’s growing activity and future Tier 1 listings, to lead to increased demand for SLT over the long term.
At Smartlands, we believe the world is on the threshold of a quantum leap in the way value is stored, transferred and accounted for through blockchain and cryptocurrencies, said Martin Birch, non-executive chairman of Smartlands Group and managing partner of Ukrainian investment bank Empire State Capital Partners.
This financial landscape of dollars, euros and other global currencies that support stock and currency markets will change beyond recognition in the coming years as the key benefits of blockchain and the crypto world are embraced by users around the world.
List of facts
- Unique design: Unlike other crypto-currency projects, the amount of passive income paid out to stackers is based on the amount of activity on the Smartlands platform, making SLT an ideal token during a down market.
- The advantage of the first party: Smartlands has finalized the legal framework for the launch of its alternative investment platform in Ukraine. This will pave the way for expansion to other countries.
- Flexibility: The Smartlands platform is capable of tokenizing not only real estate, but also any tangible asset such as SMEs, agricultural assets and debt.
- Fast, cost-effective and safe operation: SLT is built on the Stellar network, one of the most reliable and environmentally friendly blockchain networks in the world. In addition, the Star Development Foundation is helping to create a digital currency for the Central Bank of Ukraine, where Smartlands is launching its platform.
- Low chip power supply: There are 7.2 million in total. SLIs, of which there are about 5.1 million in circulation. Smartlands expects this to increase customer demand for the token.
- Upcoming Events : Smartlands is in talks with some of the top exchanges in the crypto-currency space, while it is currently available on StellarTerm, LOBSTR, WhiteBit and Atomars.
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