On Apr. 11, tokenization infrastructure provider Tokeny announced a new partnership with Ethereum real-estate tokenization marketplace CoFund. The deal would enable CoFund to issue regulatory-compliant ERC-3643 security tokens on the Polygon (MATIC) network to tokenize a $10 million hotel in the Indonesian island resort of Bali. 

According to Tokeny, investors can own a piece of the hotel starting with a minimum investment of $1,000. Luc Falempin, CEO of Tokeny, commented:

"Simple ERC20 tokens and NFTs don't meet compliance needs. Our technology platform leverages the ERC-3643 token standard to ensure our partners can enforce compliance, even on a permissionless blockchain."

Meanwhile, Giri Kayogiswara, CEO of CoFund, added:

"With Tokeny's proven platform, we can create a secure and accessible real estate investment market that meets the needs of all types of investors while ensuring compliance. This collaboration takes us one step closer to realizing our vision of a global real estate investment market."

(by Zhiyuan Sun)