• The successful round of fundraising of its first real estate project, more than one week ahead of deadline, signifies Shareable Assets’ commitment to unlock investment opportunities for asset owners and investors
• A breakthrough record for first-of-its-kind digital token-based global real estate investment application, successive deals are expected to accelerate to USD 20 to 30 million in 2020 with several renowned partners in the global real estate field
Property Finds Asia| First-of-its-Kind Digital Token-based App For Global Real Estate Investment, Shareable Asset, Successfully Closes First Deal From Retail Investors |21 July 2020, Singapore – Shareable Assets Pte. Ltd., the leading provider of asset tokenisation and investment management solutions for investors including retail investors and asset owners, announced today the successful closure of its first property investment round via its Shareable Asset app, first-of-its-kind in the market to allow retail investors access to fractional ownership of institutional-grade real estate investments.
The investment was made possible through a partnership with UK-based property developer, Oxhey Development, in which the property comes with a net rental yield of 9% per annum and a three-year rental guarantee from the developer. The fundraising target was successfully met more than a week ahead of the original deadline of 31st July 2020, after soliciting a positive response from investors of more than 25 countries globally.
The successful completion of this investment round paves way for Shareable Asset’s potential to pivot itself further in the global real estate investment market, of which the successive deals are expected to accelerate to USD 20 to 30 million in 2020 with several renowned partners in the global real estate field.
Mr Wong Kook Fei, Chief Executive Officer of Shareable Assets Singapore, said, “We are excited by the better than expected response from our investors on our first property launch. This achievement is a milestone for us, as we are ramping our efforts to partner with more asset owners to bring in a diversified portfolio of real estate investments to our investors, while helping asset owners to quickly raise funds and track the performance of the sale anytime efficiently.”
Since the launch of the app in May 2020, over 5,000 investors have taken advantage of the ease of opening an account and the ability to invest in global real estate projects through a mobile platform. The tokenisation of assets allows the subdivision of expensive real estate investment into fractional ownership, enabling retail investors to own a portion of an asset, starting from a minimum of GBP100 (SGD174), while earning returns similar to purchasing the full asset.
Mr Will Lee, Executive Chairman of Shareable Assets, said “The goal of Shareable Asset is to offer investors a convenient way to diversify their portfolio, by allowing them to access projects which are typically reserved for institutional and accredited investors.
We are on a continuous lookout for further partnership with asset owners and identifying properties globally, helping our partners to benefit from unlocking the investment potential of their assets. While the economic climate has been uncertain, the response to our first closure has shown that the demand for real estate investment continues to remain strong.”
Headquartered in Singapore, Shareable Assets aims to be the leading disruptor of real estate investments. Besides providing retail, accredited and institutional investors access to institutional-grade investments alike, Shareable Asset mobile and desktop application lowers the bar of entry to such investments, through the issuance of digitised asset-back securities via distributed ledger technology (DLT).
At the same time, asset owners are able to raise funds quickly with minimum paperwork and benefiting from a comprehensive list of properties made available to investors.
With the awarding of Capital Markets Services (CMS) licence from the Monetary Authority of Singapore in April 2020, Shareable Asset upholds robust regulatory standards and licensing conditions in its conduct of operations and business activities.
These include the integration of MyInfo, a service provided by the Government of Singapore, in the know-your-customer (KYC) process, enabling new users to register an account with pre-filled personal data, as well as complying with Anti Money Laundering (AML) regulations in Singapore.
 Shareable Asset mobile and desktop application is owned and operated by Shareable Assets Pte. Ltd., a fintech firm with a Capital Markets Services License from the Monetary Authority of Singapore.
Shareable Asset app is available on Apple iOS and Google Android platforms. To register, please visit www.shareableasset.com.
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