Southeast Asia’s Leading Construction Company Would Raise Fund By Selling Token To Build Luxury Resort

Southeast Asia’s Leading Construction Companies Would Raise Fund By Selling Token

One of Southeast Asia’s leading construction companies has just revealed that they would use a token sale to raise funding to build a hotel.

The real estate tentacles of IBN Corp may be found all throughout Asia. Malaysia, China, and Singapore are all home to the company. The company has completed numerous notable projects, including IBN Bukit Bintang, Kuala Lumpur’s highest residential building.

Their most recent project, IBN Highlands City, is a multibillion-dollar undertaking. It will be located in Genting Highlands, one of Asia’s most well-known summer resorts.

The project will include serviced apartments, commercial areas, and five-star hotels, all of which are considered high-end. They’ll also be selling tokens to cover the costs of the building.

IBN Corp says that asset tokenization “has a potential to increase the number of investors in the broader market, grow liquidity compared to traditional bonds, and reduce the time required to execute large projects.”

325,000 tokens will be available to buy, with 325,000 currently accessible on LGBank. The Hasbrotel token (HASHM) allows users to own a piece of the IBN Corp. With a completion date of 2025, the company intends to raise $325 million.

Crypto is a powerful force in the Southeast Asian market. Last month, Southeast Asia’s largest online marketplace for sneakers, apparel, and collectibles Novelship has added Bitcoin, ETH and USDT to its payment options.

Novelship’s innovation was made possible through a partnership with TripleA, a cryptocurrency payment gateway for businesses licensed by Singapore’s central bank and financial regulation watchdog, the Monetary Authority of Singapore (MAS).

TripleA bridges the gap between efficiency and cryptocurrency payments by offering a white-label service with easy setup, instant confirmation, locked-in exchange rates for real-time fiat conversion, and no chargebacks for bitcoin and other cryptocurrencies.

Founded in 2018, TripleA offers high-level international compliance for anti-money laundering (AML) and know-your-customer (KYC) requirements as a regulated service.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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