State of Real Estate Tokenization 2023
<p>The St. Regis Aspen Resort made history as the first tokenized real estate asset in January 2018. Aspen Digital, the holder of approximately 19% of the resort, raised $18 million via its security token offering (STO) for AspenCoin (ASPD). On its opening day, 138,000 tokens were traded, marking a <strong>32% price increase</strong> from $1 to $1.32. The token is currently valued at $2.7, demonstrating its strong capital appreciation. Owners of more than 10,000 tokens are entitled to up to 50% cashback during their stay at the resort.</p>
<p>The field of Real Estate Tokenization has been evolving since this pioneering move, unlocking several benefits and opportunities:</p>
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