Whitehall Capital, a London-based loan provider, has entered into an agreement with the American digital asset securities marketplace Securitize. The reason behind this agreement is to allow its investors to hold their units as blockchain tokens.
According to a Monday announcement, Whitehall investors will be able to access the Securitize platform to buy and sell units of the Whitehall fund.
Registration with Securitize
After registering with Securitize, investors will be able to view their assets as a series of tokenized units, along with performance indicators, investment reports, and other useful information. They might also exchange the units with other investors by putting in a bid to buy or sell a certain number of units.
According to Anthony Bodenstein, managing partner at Whitehall Capital, the blockchain tokens, which are backed by loans secured by property assets, would provide an annual income of 8%–10%.
Securitize will be responsible for introducing tokenized shares, distributing them to shareholders, and monitoring blockchain transaction activity.
Securitize partnership with Arca Labs
Securitize partnered with Arca Labs, the innovation arm of digital asset investing company Arca, in September 2021 to offer a smart contract and issuance platform for the firm, starting with the Arca U.S. Treasury Fund. Arca Labs promises to be the first treasury fund registered under the Investment Company Act of 1940 to issue shares as blockchain-based digital assets.
