50 min
Elevated Returns’ De Baets: “Real estate token will be a successful emerging digital asset” RadioFinance
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- Business
Tokenising, real estate and securities assets. This was the centre of discussion between digital asset management firm Elevated Returns founder and president Stephane de Baets with Emmanuel Daniel.
The Belgian entrepreneur shared his journey in the financial industry that began in Thailand where he worked as an agency broker, moving his way up as an investment banker. He eventually set up his own investment banking firm OptAsia Capital, after which he founded Elevated Returns.
In 2018, De Baets successfully tokenised 20% of one of his properties, the St. Regis Aspen Resort in Colorado. This proved that a digital security representing direct ownership of a privately-held asset can be created, he told Daniel. He expanded his business to Southeast Asia in 2019 with the acquisition of securities brokerage Seamico Securities, and later renamed XSpring Capital in 2021.
The following key points were discussed:
• The difference between tokens and real estate investment trust when it comes to asset fractionalisation
• XSpring Capital was formed with the idea that one company can manage all the client’s financial instruments
• Thailand, through XSpring Capital, will have its first public offering of a real estate-backed token with a simultaneous listing on a private exchange
• There are different checks and balances that are used for protection against cryptocurrency price volatility
• Regulators will have to put in the appropriate framework to supervise NFTs and DeFis
Tokenising, real estate and securities assets. This was the centre of discussion between digital asset management firm Elevated Returns founder and president Stephane de Baets with Emmanuel Daniel.
The Belgian entrepreneur shared his journey in the financial industry that began in Thailand where he worked as an agency broker, moving his way up as an investment banker. He eventually set up his own investment banking firm OptAsia Capital, after which he founded Elevated Returns.
In 2018, De Baets successfully tokenised 20% of one of his properties, the St. Regis Aspen Resort in Colorado. This proved that a digital security representing direct ownership of a privately-held asset can be created, he told Daniel. He expanded his business to Southeast Asia in 2019 with the acquisition of securities brokerage Seamico Securities, and later renamed XSpring Capital in 2021.
The following key points were discussed:
• The difference between tokens and real estate investment trust when it comes to asset fractionalisation
• XSpring Capital was formed with the idea that one company can manage all the client’s financial instruments
• Thailand, through XSpring Capital, will have its first public offering of a real estate-backed token with a simultaneous listing on a private exchange
• There are different checks and balances that are used for protection against cryptocurrency price volatility
• Regulators will have to put in the appropriate framework to supervise NFTs and DeFis
50 min