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HomeNewsBlockchain Real Estate Fund Receives Regulatory Approval In Liechtenstein

Blockchain Real Estate Fund Receives Regulatory Approval In Liechtenstein

Further details show that the approval given is for an alternative investment fund (AIF) by the Liechtenstein Financial Market Authority (FMA). The new AARGO security tokens are powered by the Ethereum blockchain. Ownership of one AARGO security token directly translates to one share of the fund.

In a conversation with CoinDesk, Token Factory managing director Bastiaan Don said that the use of blockchain technology is an amazing leap forward, for the sector in general. According to him, there is more transparency and security and the funds cannot be manipulated. He also added that there is more flexibility as well.

The exec also spoke on the benefits of a public blockchain instead of a private one. According to him, people who are using private chains “will realize that they are missing out on all the fun and great applications that are built on public blockchains.”

Image Credits: Pixabay

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