Company announced Fractional Fraction In Thailand, it is a wholly owned subsidiary of Fractional Group Financial Technology Corporation Fraction Group، The Hong Kong-based company announced that it obtained a license allowing it to list and trade fractional ownership tokens, for physical or digital assets.
According to the company's announcement, it will rely on the Ethereum blockchain for its operations Ethereum blockchain, to allow investors to enter into partial ownership of expensive real estate, and not to exceed 150 dollars only.
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Fractional Company Offers Fractional Ownership Solution
The license was granted through the official portal of Thai Stock Exchange Authority Thai SEC، For the initial coin offering that was created in the year 2018.
The license lays the foundation for a company's service Fractional Coming to asset digitization and hashing, which is referred to as the initial fraction display (IFO).
The company expects to list its first subscription offers in the first quarter of the year 2022, focusing on real estate digital tokens, in cooperation with local real estate companies, with an offer value that exceeds 460 Million dollars.
Speaking about the advantages of fractional ownership, a spokesperson for Fractional:
“You can now legally own a part of this villa, perhaps 1% of it, instead of having to pay 5 Millions of dollars to buy it all.”
He added that the minimum purchase of fractional ownership will be about 150 dollars, as explained by the co-founder and head of technology at Fractional Shawn Sells:
“While many have been talking about the idea or trying to implement it, our platform is complete, up and running, and ready to list public assets.”
It is reported that, according to estimates by the British Accounting Network More Global Moore Global The real estate market tied to crypto assets could reach 1.4 trillion dollars in the next five years, so if it is encoded 0.5 Only % of the total global real estate market.
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