The event is to announce the first commercial mortgage to be made using blockchain technology. The collateral is located at the Iconic SLS Lux Brickell in Miami, Florida, the announcement will take place on May 18, 2021 at 7:30 p.m. ET, which provides accredited investors with an interest in a commercial rental property.
MIAMI, FL, May 13, 2021 (GLOBE NEWSWIRE) – BPN Capital Group today announced the very first blockchain-based commercial mortgage associated with a property in the iconic SLS Lux Brickell in Miami, Florida. Tokenization of this property will allow accredited investors to directly own and control their stake, removing the restrictions associated with investing in commercial mortgages through conventional channels.
The trump card is the flagship shopping center. Located at the base of SLS Lux, a premier residential condominium and hotel tower with 57 floors and 450 units. Located on the northeast corner of S Miami Avenue and SE 9th Street, one block from downtown Brickell and across from Mary Brickell Village.
“It’s like the moon landing for the blockchain,” said Mr. Edward Rodriguez, CEO of BPN Capital Group. “We are symbolizing a fully stabilized premier property with sophisticated tenants like Chipotle, Ojo de Agua, Kaori and Bellillo. We restore the control of accredited investors and family offices over their assets. It also bypasses the hoops they had to jump to invest in commercial mortgages like this in the secondary market. “
BPN Capital Group will offer tokens associated with the commercial rental property to investors who qualify under United States Securities and Exchange Commission Regulation 506 (c). After the mandatory one-year holding period, investors will be able to sell or trade their tokens like any other registered security.
Additionally, tokenization of property means that investors are not locked into long-term property as they would be with conventional bonds, which take years to mature. Instead, investors can trade their tokens on the SEC and FINRA regulated alternative trading systems, tZERO. Tokenization is an exchange traded security, which also means that investors can part with a small portion of their stake while retaining a portion of their investment.
“Historically, if you wanted to sell 5% of your holdings, you had to call a broker or an accountant or someone like me who would then do a quantitative risk analysis before you put your assets back on the market,” Rodriguez said. “Tokenization puts investors in the driver’s seat and allows them to sell their holdings directly and easily, as they see fit.”
Finally, the blockchain guarantees an accurate and transparent recording of all transactions that occur on the general ledger. There is always a record of everything that was changed, when, why and by whom. This transparency is revolutionizing the areas of investment and credit, long considered opaque and inaccessible to the uninitiated.
“We are proud to tear down the old walls and democratize the world of investment and credit,” Rodriguez said. “Society will embrace these structural changes because things will never go back to how they were before. This is the future, and we are proud to be a part of this historic moment.”
About BPN Capital Group
BPN Capital Group is a multi-service DeFi company powered by a network of professionals and Blockchain and NFT technology. The company is dedicated to developing real use cases for revolutionary Blockchain technology, including the tokenization of durable assets to improve lending and investing.
Founded in May 2019, BPN Capital Group has found Blockchain and NFT technology to be very beneficial but underutilized due to lack of accessibility and actual use cases. BPN Capital Group’s mission is to solve this problem and help lay the groundwork for the mass adoption of Blockchain solutions in the business world. It does this through the tokenization of durable assets, business loans, and a referral agent membership program.