Oosten Digital Securities Are Now Listed on MERJ EXCHANGE for Secondary Trading
June 19 2020 - 10:37PM
Business Wire
UPRETS is seeking to digitalize real estate to empower
fractional real estate investment. Oosten Digital Securities
(“OST-1”) has now officially listed on the live, multi-market,
end-to-end MERJ Exchange (“MERJ”), accessible to modern global
investors.
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Oosten Digital Securities Are Now Listed
on MERJ EXCHANGE for Secondary Trading (Photo: Business Wire)
“We’re excited to work with MERJ to provide more flexibility for
real estate digital securities,” said the UPRETS team. “We share
MERJ’s focus on global trading of digital assets.” UPRETS is
dedicated to bringing technological expertise to enable additional
liquidity to this market by maximizing access to OST-1 to eligible
investors.
UPRETS Technology Helps Enable Digital Investment in
Oosten
UPRETS is employing a protocol based on the Xbolt consortium
blockchain to pursue the digitalization of the securities
representing limited partnership interests of UPRETS Oosten I LP.
Each digital security is defined by smart contracts, while
representing partial ownership in certain units at the Oosten
property, a 216-unit complex in the heart of Brooklyn developed by
NYSE-listed conglomerate Xinyuan Real Estate Co., Ltd. (NYSE:
XIN).
To further simplify the process of raising capital, UPRETS
provides technical solutions to enable issuers to offer digital
securities through a global exchange ecosystem that will be more
feasible, universal and investor-centric. These steps seek to
reduce friction and bring liquidity to currently hard-to-trade
assets. Now that Oosten Digital Securities are listed on MERJ,
these investments are made more readily accessible to qualified
accredited investors.
Securities Exchanges Further Strengthen the Liquidity of Real
Estate Properties
MERJ supports global issuers of securities, digital assets and
hybrid instruments through the entire asset life cycle from
issuance to trading, clearing, settlement and registry. It operates
a fair and transparent marketplace in accordance with the laws, and
in line with international best practice and principles of
operations of financial markets.
With MERJ, the Oosten Digital Securities are available to
investors with a user-friendly registration procedure and
compliance check. Its global users can now have access to a
potential revenue stream from rental income through the ownership
of OST-1.
OST-1 Sales on MERJ Marks A New Era of Real Estate Secondary
Trading
The Oosten Digital Securities’ listing on MERJ aims to make real
estate assets more liquid, an important first step in the illiquid
multi-trillion dollar asset market. UPRETS team hopes to
revolutionize access to real estate through digitalization and
believes that this financial trading of digital assets on MERJ will
help expedite a new way of real estate investment.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any of the digital securities in
the United States or any other jurisdiction where not permitted.
Oosten Digital Securities have not been sold in the United States
are not available in the United States or to U.S. persons. The
digital securities have not and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”), or any
other law or regulation governing the offering, sale or exchange of
such digital securities in the United States or any other
jurisdiction and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available. Accordingly, the digital
securities are subject to restrictions on resale intended to
prevent sales to U.S. persons or into the United States. The
digital securities also may not be offered sold, resold or
transferred to persons who are residents or citizens of the
People’s Republic of China.
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version on businesswire.com: https://www.businesswire.com/news/home/20200619005510/en/
Ran Wei Email: ran@uprets.io Website:www.uprets.io
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