Aperture, a US-based real estate technology and investment firm, partners with Coinfirm, a UK’s blockchain-based anti-money laundering(AML) platform operator, to achieve regulatory requirements for its coming ICO, starting in late this month, Co-CEO and Founder Andrew Jewett said.
The California-based company’s real estate business includes the acquisition, rehabilitation and disposition of distressed residential real estate, in addition to writing loans for smaller investors.
Issuing its blockchain-based securitized cryptocurrency Property Coin would help expand its existing client base as well as new customers and investors, according to Coinfirm’s blog.
“Property Coin is the first ever securitized portfolio of professionally managed, diversified portfolio of real estate assets and loans on the blockchain,” Jewett noted, adding that the Coin would be offered via Regulation D in the US and Regulation S outside of the US. “We are partnering with Confirm, given its qualified technological expertise in the AML/KYC space,” he noted.
Coinfirm’s platform would help streamline compliance process for the blockchain-based transactions of cryptocurrencies with a certain-level of transparency, according to its blog.
by Genta Nakanishi