“The world's speediest news portal”
One News Page
> >

REALECOIN™, A NYC Based Company, Introduces The World's First Real Estate Fund For Cryptocurrencies

PRWeb Monday, 4 December 2017
REALECOIN™ introduces the World's First Tokenized Real estate investment fund that allows cryptocurrency holders to invest in the US real estate market with digital currencies.

NEW YORK (PRWEB) December 04, 2017

Great news for crypto-currency holders who want to diversify their holdings. NYC-based digital currency startup REALECOIN™ has created the World's first real estate investment fund which will accept cryptocurrencies, along with traditional fiat currencies.

The revolutionary tokenized real estate investment fund will acquire income-generating, institutional quality, multi-family housing units in New York City and other opportunistic US markets which need renovation or redevelopment. The Fund will acquire properties, improve them, refinance its equity investment in these properties, and re-deploy cash into additional properties. The Fund will additionally pay dividends to token holders out of the rental income.

At the heart of REALECOIN™ is its underlying crypto-token, RC™. RC™ is an ERC20-compliant crypto-token which will exist on top of the Ethereum blockchain. The RC™ token is a security token, which means that it is a financial security. Since this token is a financial security, REALECOIN™ emphasizes its adherence to securities laws and regulations in the United States. Accordingly, REALECOIN™ will only sell its tokens to accredited investors.

REALECOIN™ was founded by Ruben Azrak, an experienced NYC-based real estate investor, entrepreneur and angel investor. Additionally, Mr. Azrak formerly co-founded Phat Farm, an urban clothing line, with hip hop legend and entrepreneur Russell Simmons, which they sold for $140 million in 2004. Mr. Azrak has been an active real estate investor since the 1970’s, during which he has amassed an impressive real estate portfolio worth over $200 million, including many properties in New York City. He has invested in over 140 startups, including angel investments in Dropbox, Instacart, Github, Hyperloop One, Brave and Hotel Tonight.

Mr. Azrak says: “We are excited to bring to you the world’s first tokenized real estate investment fund REALECOIN™. We know a lot of people who are holding huge blocks of cryptocurrencies are looking to diversify their holdings into alternative coins and we feel we offer a solution to that problem. REALECOIN™ offers them that much awaited opportunity to multiply their ROIs from bitcoin (or other cryptocurrencies) through its breakthrough real estate investment fund. We believe that the value of RC™ will increase in value, as the underlying real estate appreciates. The US realty sector shows a booming growth at present and there cannot be a better timing for cryptocurrency holders to invest in REALECOIN™.”

Other team members and advisors come from some of the most reputable companies within the World of real estate, technology, cybersecurity and finance. These companies include Microsoft, Intel capital, HSBC, Citigroup, Lending Club, Cushman and Wakefield, Morgan Stanley and American Express. Mr. Azrak states: "Our goal is to provide our company with an institutional quality team to establish the integrity and credibility that the cryptocurrency industry demands at these stages of its nascent growth. Each day we add new team members that add value to Realecoin and will continue to do so in the immediate future as we prepare for our offering in 2018.”

What makes REALECOIN™ different from most other cryptocurrency projects is that it is a tokenized investment fund. Each RC™ token is essentially a share in the investment fund. RC™ is not your regular alt-tokens. While most alternative tokens are positively correlated with Bitcoin’s price movements, the RC™ token derives its value primarily from the income-producing, real world assets that make up the Fund’s investment portfolio. The Fund anticipates paying dividends to token holders.

Each token represents a fractional equity interest in REALECOIN™. The token sale has a hard cap of $50 million and a minimum raise of $5 million. REALECOIN™ will accept funds from accredited investors in one of the following currencies: US Dollars (USD), Euro (EUR), Bitcoin (BTC), Ether (ETH), Ripple (XRP), and Litecoin (LTC). If the Fund fails to raise the minimum of $5 million, the funds would be returned to investors. Mr. Azrak will contribute up 10-20% of his own capital in the form of equity for each investment and also sign for any loans or leverage used on a project by project basis.
Share on
Share on
Post on 
Share by

You Might Like

Recent related news

RESAAS Services to focus on lifting sales in 2018, says Rossiter

RESAAS Services Inc (CVE:RSS, OTCMKTS:RSASF) says it will focus on increasing sales in fiscal 2018 as chief executive Tom Rossiter updated on  achievements for...
Proactive Investors - Business

Kushner Cos. in talks to sell stake in struggling skyscraper

NEW YORK (AP) — The company owned by the family of Jared Kushner is in talks to sell a stake in its struggling Manhattan skyscraper to a real estate fund. A...
Seattle Times - Front PageAlso reported by •

Kalpataru unveils Parkside Galleria, world class real estate experience centre at Thane

[India], May 21 (ANI-BusinessWireIndia): Kalpataru Limited, India's leading luxury real estate developer, has unveiled one of the country's largest and one of...
Sify - Business

Morrison & Foerster Hires New Tax Partner to Further Expand its REIT and Fund Formation Practices

Jay Blaivas joins the firm’s New York office from The Blackstone Group NEW YORK (PRWEB) May 23, 2018 Morrison & Foerster, a leading global law firm, is...
PRWeb - Press Releases

Alabama real estate firm partnering with private equity firm to boost investment

An Alabama real estate investment company is joining forces with a Charlotte-based private equity firm to boost investments. Mobile-based Burton Property Group...
bizjournals - Business

CONSUS Real Estate AG: Audited Financials for Fiscal Year 2017 Released

DGAP-News: CONSUS Real Estate AG / Key word(s): Final Results 23.05.2018 / 07:30 The issuer is solely responsible for the content of this announcement. ...
EQS Group - Press Releases

Jody Kriss Proud to Support Leukemia Research

* NEW YORK, NY / ACCESSWIRE / May 22, 2018 / *Cancer is one of the worst health problems, claiming millions of lives worldwide every year. Given its impact on...
Accesswire - Press Releases

RealBiz Media Group/Verus Foods Provides Spin-Off and Retail Brand Updates

Gaithersburg, MD, May 23, 2018 (GLOBE NEWSWIRE) -- RealBiz Media Group, Inc. (OTCQB: RBIZ), currently operating as Verus Foods (the “Company”), is providing...
GlobeNewswire - Press Releases

Tweets about this

Other recent news in Press Releases

IRI Recognized by Independent RESEARCH Firm as a Strong Performer in Marketing Measurement and Optimization SolutionsGlobal HR Research Achieves Reaccreditation from the National Association of Professional Background Screeners (NAPBS®) Background Screening Credentialing COUNCIL (BSCC)
Columbus McKinnon Appoints Aziz S. Aghili to BOARD OF DIRECTORSOrion’s May 2018 PRODUCT Updates Empower Financial Planners, Chief Compliance Officers
Leaf Group TO PARTICIPATE at the 15th Annual Craig-Hallum Institutional Investor ConferenceConsumer Energy Alliance Releases Report on Benefits of Pipelines to NEW YORK

Recent related videos

News video: Ffa's Salem Always Believed in U.A.E Real Estate, Banking Sector

▶ Ffa's Salem Always Believed in U.A.E Real Estate, Banking Sector 05:01

May.23 -- Ffa Private Bank Capital Markets Director Marie Salem discusses Saudi Arabian reforms and the U.A.E real estate and banking sector. She speaks on "Bloomberg Daybreak: Middle East."
Source: Bloomberg Global Business -

News video: Want to become a real estate agent? Get ready to shell out big bucks

▶ Want to become a real estate agent? Get ready to shell out big bucks 01:56

It only takes a few weeks to go from where you are today to becoming a licensed real estate agent. With the promise of making six figures. But, is it too good to be true? We're breaking down the true..
Source: KTNV Channel 13 Las Vegas -

News video: How Insane Is San Francisco's Housing Market? Here's What A Cool Half Million Will Buy You

▶ How Insane Is San Francisco's Housing Market? Here's What A Cool Half Million Will Buy You 00:33

Most Americans are aware that the cost of housing in San Francisco is astronomical. But a recent real estate listing shows just how out of control prices have become. In a home built in 1908, a 385..
Source: Wochit News -

News video:

▶ "The Fourth Estate": Inside New York Times' coverage of Trump 07:25

The New York Times' coverage of President Trump is the subject of a new documentary series called "The Fourth Estate." Viewers get a behind-the-scenes look at Times' journalists investigating and..
Source: CBS News -

News video: Cavicchi | FashionTV | FTV

▶ Cavicchi | FashionTV | FTV 01:00

WORLD - The Cavicchi brand has established itself worldwide as one of the excellence of Made in Italy, for his talent, his genius , the study and design of billiards in creating luxury and fine..
Source: FashionTV -

News video: Brenta Imperial | FashionTV | FTV

▶ Brenta Imperial | FashionTV | FTV 01:17

WORLD - Brenta Imperial was born of the shared vision of few International Entrepreneurs and a group of experienced Venetian Artisans all invested in a common goal: create a state of the art joinery..
Source: FashionTV -

News video: Reflex Angelo | FashionTV | FTV

▶ Reflex Angelo | FashionTV | FTV 01:01

WORLD - Through precious lessons deriving from the tradition of the family glassworks established in the 40s, the industrial glass, so charming with its linear essentiality, is enriched and warmed by..
Source: FashionTV -

News video: Real Estate Development Company With Cranberry Ties Under Federal Investigation

▶ Real Estate Development Company With Cranberry Ties Under Federal Investigation 02:59

A real estate development company with ties to Cranberry is now the focus of a federal investigation; KDKA's Meghan Schiller reports.
Source: KDKA CBS 2 Pittsburgh -

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+