Security Token: Publity plans digital Emission

The office property investor Publity, whose share in the young segment of the Scale are noted, plans to issue digital asset evidence (digital securities, a Secu

Security Token: Publity plans digital Emission

The office property investor Publity, whose share in the young segment of the Scale are noted, plans to issue digital asset evidence (digital securities, a Security Token) to shares of its subsidiary, Preos. This is recorded in the Munich market segment m:access. Security tokens represent on the Basis of the Blockchain technology assets or rights to assets. This is in the case of the "Preos-Token" is crucial, since the issuance of the shares is not approved in the Form of tokens currently.

the Security Token enabling a cost-effective issue of securities, because they make a number of services, such as custody unnecessary. The so-called "Preos-Token" of Publity is called rights from shares in the Preos Real Estate AG digital verb, the Token can be exchanged for regular shares. Until the third quarter of 2021 shares of the Preos Real Estate in the amount of up to EUR 1 billion are to be securitised (“tokenized“), a first Tranche of 500 million euros in the fourth quarter of 2020.

Updated Date: 11 August 2020, 06:19

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