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Terazo, a groundbreaking private market investment platform in India, has joined forces with Tokeny, the leading tokenization platform, to spearhead the first regulated tokenized real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA). IFSCA is a dynamic and forward-thinking regulator committed to driving India’s fintech innovation and propelling the nation to the forefront of the global financial services landscape
Terazo’s involvement and authorization to operate within the sandbox strengthens investor confidence and enables the platform to present premium private assets to a broader range of investors. Historically, private investments, particularly in real estate, have been limited to wealthy individuals, excluding the majority from access. With regulatory approval and Tokeny as its technology partner, Terazo seeks to democratize the market through its flagship project, Oryx and beyond.
Oryx, a ~USD 50 million greenfield development, is the first regulated tokenized real estate project in India. Terazo, through its maiden USD 7 million tokenized fund, will allow qualified primary investors the opportunity to invest in Oryx, from $100,000 and allowing secondary investors with as little as $1,000. The ~8,50,000 sq ft Grade A Commercial Property located in the heart of GIFT SEZ, India’s first global financial services hub, and is positioned as the first step to revolutionize the real estate investment landscape in India.
By collaborating with Tokeny, Terazo has utilized its SaaS tokenization platform to seamlessly issue and administer asset backed tokens on the Polygon blockchain. Leveraging Tokeny’s infrastructure and the open-source ERC3643 protocol, Terazo can seamlessly incorporate compliance measures and automate ownership transfers, simplifying asset management for investors.
This partnership also ensures fully traceable and unalterable cap tables on the blockchain, granting investors unmediated ownership and transparency. Furthermore, Terazo can effortlessly carry out real-time procedures, including the distribution and token recovery tool of tokens to investors.
We are excited to launch a blockchain-based marketplace, starting from tokenization of real estate assets in India. Our vision is to democratize access to high-quality private assets such as real estate, private equity, venture capital and improve liquidity in the market. With Tokeny's expertise and technology, we are confident that we can deliver a world-class solution for investors.
We're excited to support Terazo's mission to democratize private market investment from India. As one of the world's most populous nations with a booming economy, India has traditionally been a significant contributor to global software solutions for the financial industry. It's indeed time for them to harness this technological prowess for their own financial advancement.
