tZERO tokenises a Barcelona footballer’s firm’s shares for $18 million

The security-token trading platform tZERO announced a partnership with NYCE, a real estate crowdfunding fintech company, to digitise a stake in its capital of about $18 million.

We are pleased to partner with NYCE, a pioneer in real estate crowdfunding, and support the secondary trading of its digital security on the @tZERO platform. @Philip_Michael & @MartinBraith, looking forward to working together!https://t.co/s1y3JAFMNg

— Saum Noursalehi (@Noursalehi) June 30, 2021

NYCE was founded by Barcelona footballer Martin Braithwaite and entrepreneur Philip Michael. According to the statement, the firm aims by 2030 to reach 100,000 affluent millennial shareholders through access to its real estate portfolio, valued at more than $260 million.

NYCE’s digital shares will use tZERO’s smart contracts.

The tokens are expected to be available on the secondary market through the platform’s trading system, subject to compliance with legal and regulatory requirements.

In 2019, tZERO announced a joint project with the Tezos Foundation to tokenize real estate in the United Kingdom valued at about $643 million.

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