The University of Hong Kong (HKU)’s Asian Institute of International Financial Law (AIIFL), hosted a seminar on the rise of Security Token Offering (STO) and an increasing global interest in Real Estate Tokenization (RET).
The Fintech Association of Sri Lanka (FASL) President and Ambuli International (a consultancy firm focusing on the applications of blockchain, cloud computing, artificial intelligence and big data in the financial and other sectors), Founder & CEO Rajkumar Kanagasingam participated and made a presentation, while HKU’s Kerry Holdings Professor in Law, Douglas Arner chaired the Seminar.
STO landscapes of Hong Kong, Singapore and Sri Lanka and the opportunities and challenges in digitalizing real estate’s investment in the region, were also discussed at the seminar.
Real Estate Tokenization would lower investor barriers by increasing the liquidity of real estate assets. It would also have the security and immutability of a Blockchain-based token.
For Sri Lanka, one consideration would be how one could use the STO structure to support investment from overseas investors in the local real estate projects.
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