Oxygen Hospitality Group, Inc., a hotel management and real estate investment company, today announced it will launch a Securitized Token Offering (STO) and begin offering these tokens to Registered Investment Advisors (RIAs) and accredited investors diversifying wealth into its hotel real estate portfolio. The Company is partnering with securities compliant platform, Token IQ, Inc. to transform investor experience by elevating transparency and regulatory compliance, tokenizing a security backed by real estate and simplifying the investment/reinvestment process by transforming the historically time consuming and cumbersome paper investment process with a streamlined electronic process.
“We strive to be the beacon on the hill, providing trust and guiding a new wave of investors interested in the commercial real estate marketplace,” said Peter Anadranistakis, president of Oxygen Hospitality Group. “Investors in our hotels will now receive shares, represented by tokens, with asset-backed security and an unprecedented level of transparency that’s extremely important for investing in real estate.” He added, “Infusing technology into all aspects of our business from raising capital for acquisitions to the front and back of our hotel operations is a key focus in our growth.”
Tokenization is the process of converting the investment process and confirming ownership rights through electronic, non-editable blockchain transactions. The Securities and Exchange Commission (SEC) has stated that most digital assets are security tokens. STOs using distributed ledger technology trailblaze a new, online way to access global capital, add greater transparency, remove middlemen to lower fees and speed the investment process.
Accredited investors of Oxygen Hospitality will simply click the invest button within the investment portal, proceed through anti-money laundering (AML)/Know Your Customer (KYC) protocols, set up the custodian account and receive all their signed electronic documents along with tokens.
Oxygen Hospitality is the first to utilize the Token IQ platform. According to Mark Vange, CEO of Token IQ, “Token IQ’s patent-pending technology allows Oxygen Hospitality to democratize access to their offerings, reduce the cost and complexity of compliance and do that in a way that fully comports with relevant regulation while empowering RIAs to be a fully participating partner in the effort.” He added, “The unique token recovery capability allows investors, RIAs and Oxygen Hospitality to effectively deal with any exigencies thus removing the risks and complexity associated with conventional crypto tokens.”
Anadranistakis and Vange recently discussed STOs and Oxygen Hospitality’s initiative at Blockchain48 and Asian Blockchain podcast.
Oxygen Hospitality acquires hotels with capital appreciation and income-producing opportunities for high net worth investors through asset repositioning, restructuring, re-development and intensive post-acquisition management.