RUDEN Holdings Considers ICO to Build Crypto Platform for Real Estate Service

RUDEN Holdings Considers ICO to Build Crypto Platform for Real Estate Service

  • Cryptocurrency Payment(Settlement) Platform for Real Estate Service  
  • Issuing RUDEN Coin likely in Overseas

RUDEN Holdings(RUDEN),  a listed Japanese real estate company, considers ICO via partnering with Blockshine Technology(Blockshine), Australia-based ICO advisory company, according to the recent announcements.

The proceeds via issuing its digital token RUDEN Coin could be used for building its  cryptocurrency payment platform for real estate service.

While not providing specific ICO details such as the deal size, along with the timeline, RUDEN Coin would be likely issued in overseas.

RUDEN has separately announced the partnership for the cryptocurrency payment service in the real estate space with Canada-based crypto Exchange operator Canadian Crypto Exchange.  

Canadian Crypto Exchange is currently a 75% owned by Australia-based blockchain engineering company Blockchain Global Limited(BGL).

BGL, which also holds a 20% stake in Blockshine, already has a technological partnership with RUDEN for the blockchain development in the real estate service space since this April.

RUDEN(1400), which already launched the Bitcoin(BTC) real estate payment service since this January, has a market cap of about JPY 9bn (USD 80m).

https://www.release.tdnet.info/inbs/140120180515439263.pdf

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