On Sept. 16, Harbor announced in a blog post that iCap Equity is using Harbor’s blockchain-enabled platform to improve its liquidity in four of its real estate funds which manages over $100 million in assets.
Harbor created the tokens on the Ethereum blockchain, which represent portions of the funds. The partnership between the two companies will allow iCap Equity’s investors and placement agents to buy and sell iCap securities with one another.
Tokenization of the funds will purportedly improve liquidity for real estate investors. Chris Christensen, iCap Equity CEO added:
“iCap provides high-yield investment opportunities for investors, but those investments typically come with a 3 to 5 year lock-up period because they are based in real estate. Now, with Harbor, we are able to provide the same strong returns, but also an option for investors to more easily liquidate if desired.”
Tokenization giving more access to investors
The Liechtenstein Cryptoassets Exchange is tokenizing a $25 million movie fund together with Hollywood actor Wesley Snipes. The Daywalker Movie Fund will invest in future movies and TV shows produced by Snipes and his production studio Maandi House. The fund will offer investors a share in the profit of its productions, as well as confer extra benefits such as invitations to movie premieres.