DigiShares is one of the leading providers of asset management and crowdfunding platforms for real assets, including real estate and private equity. Their solutions enable asset owners and fund managers to digitize and automate processes, to reduce administrative cost, enable retail investors to participate, and finally to provide a huge increase in liquidity through the built-in marketplace that enables shareholders to trade their assets.
MarketSpace Capital is a private equity real estate firm focused on ground-up developments and value-add investments throughout the United States. Through its relationships, expertise, discipline, and data-driven analysis, MarketSpace Capital’s veteran staff has completed over $1 billion in transactions and has the capability and experience required to maximize value creation through a comprehensive, programmatic, and conservative investment and asset management approach.
DigiShares and MarketSpace Capital have partnered to tokenize and manage The Spot at Myra Park. The Spot is a 250-unit, multifamily apartment complex that is currently under development and is expected to be completed in Q4 2022. The equity interests in the Spot at Myra Park will be digitized by DigiShares using Ethereum blockchain technology. Subject to legal and regulatory diligence and security law considerations, MarketSpace Capital expects the assets to become tradable through integrated systems.
MarketSpace Capital Co-Founder and Chairman, Dr. Masaki Oishi said, “We see great value in the tokenization of commercial real estate as a vehicle for enabling liquidity on a secondary market and democratizing access to a normally elusive asset class. Between MarketSpace Capital and our co-development partners, we have a combined existing portfolio of over $1 Billion, and we look forward to working with DigiShares, one of the leading providers of asset management and crowdfunding platforms for real assets and coordinating the trading of the Myra Park and future property’s digital securities through an integration with tZERO.”