June 9, 2017
A new blockchain digital asset known as Real Estate Tokens (RET) have been issued by Meiyingju Group International Co. Ltd. (MGI). The RET is backed by the $655 million, 894-acre, 2,385-home master-planned community, Serene Sendera Ranch in Haslet, TX, a far north suburb of Fort Worth. Collins Barrow Toronto has been engaged to structure the fund.
RET is targeted to investors outside the United States who are interested in U.S.-based investments, such as the master-planned community Sendera Ranch. RET provides more liquidity than investing in overseas properties, as it can be graded on several digital asset exchange platforms. Token holders can also use their tokens to acquire a house in the development.
The Initial Coin Offering (ICO) of the RET will take place June 9, 2017-June 23, 2017. After the ICO, RET can be acquired through ACCHAIN, a blockchain technology platform. Serene Sendera Ranch contracted with MGI to build the houses.
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