Fraxtor Group, a blockchain enabled real estate co-investment platform, has announced the successful dual listing of a tokenized real estate investment in Singapore and Australia via two regulated financial institutions.

The tokens were simultaneously listed on platforms in Singapore and Australia for fundraising purposes, the firm said in a statement on Thursday.

Fraxtor Singapore’s platform is operated by Fraxtor Private Limited (Fraxtor SG), a capital markets services license holder regulated by the Monetary Authority of Singapore.

The Fraxtor Australia platform is operated by Fraxtor Australia Pty Ltd (Fraxtor AU), a corporate authorized representative under the Australian Financial Services License regime.

According to the statement, the tokens which represented units in an Australian unit trust investing into the development project at 97 South Perth Esplanade with a gross payout to investors of 16 percent per annum. is Australia’s first tokenized unit trust structure for real estate.

The dual listing was made possible through proprietary blockchain technology developed by Fraxtor Group which aims to democratize real estate investments and foster an inclusive global community.

Investors from Singapore and Australia were able to subscribe to the same tokenized investment offering simultaneously through their respective regulated platforms.

“We are excited to share that investors’ demand for this project has surpassed our expectations,

“The offer was fully subscribed within 2 hours of its listing,” said Samuel Lee, Chief Executive Officer of Fraxtor SG.

According to him, this achievement underscores the confidence and support of their investors and community, affirming the power of their vision to enable accessibility to niche real estate investments.

Michael Devine, Director of Fraxtor AU, said this successful pilot is the first step towards their vision of bridging Australia with the global investment community.

Oliver Siah, Managing Director and Co-founder of Fraxtor Group, said this is just the first step in their expansion plan.

“We will continue to work with partners to connect more communities.” he added.

According to the statement, the group has ambitions to expand to other regional countries such as Hong Kong and Thailand.

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