Whitehall Capital, a London-based loan provider, has announced a partnership with Securitize, an American digital asset securities marketplace, to allow its investors to hold their units as blockchain tokens.
Whitehall investors will be able to utilise, purchase, and sell Whitehall fund units using the Securitize platform, according to a Monday release. An investor’s assets will appear as a number of tokenized units after registering on Securitize, complete with performance markers, investment reports, and other useful information. They might also exchange the units with other investors by putting up a bid to acquire or sell a specific number of them.
According to Anthony Bodenstein, managing partner of Whitehall Capital, the blockchain tokens would generate an annual income of 8%–10% if they are backed by loans secured by property assets:
“Because there is currently no secondary market for Whitehall Capital investments, we expect investors to immediately recognise the value of engaging with our user-friendly and interactive platform and holding units in this manner.”
Securitize teamed with Arca Labs
Securitize will be in charge of issuing tokenized shares, delivering them to shareholders, and monitoring blockchain transaction activity.
Securitize teamed with Arca Labs, the innovation arm of digital asset investing business Arca, in September 2021 to offer the firm a smart contract and issuance platform, beginning with the Arca U.S. Treasury Fund. Arca Labs claims to be the first treasury fund registered under the Investment Company Act of 1940 to use the blockchain to issue shares as digital assets.