One of the world’s leading crowdfunding sites, Indiegogo has announced it is expanding its ICO listing service to include what will be the world’s first security ICO token.

The first token of this type to be made accessible through the Indiegogo platform was created by the St Regis Aspen Resort, a super-luxury resort, located in the Rocky Mountains of Colorado. The offering which has been limited to accredited investors will allow them to purchase the Aspen Coin which represents a share of the single-asset real estate investment trust that was created to hold the $18 million of stock that is made available through the site.

“Security token offerings are the investment tool of the future, a mechanism designed to store wealth by utilizing income-producing digital assets,” said Stephane de Baets, founder and president of Elevated Returns, the asset management firm that owns the resort. “By allowing access to investing in traditional assets like real estate, we are creating a new opportunity for investors to explore an ownership stake in something previously only accessible to private investors and high net worth individuals. Indiegogo is a well known and trusted name in alternative funding and cryptocurrency, making them an incredible partner for us to leverage their influence, experience and global audience.”

Investors that meet the qualifying criteria are able to contribute to the ICO via means of USD, BTC or ETH. The Aspen Token is based on the ERC-20 platform, meaning they can be held in any Ethereum wallet in the world, but due to securities regulations in the US, they can only be traded on an SEC-approved trading system. In this case, that would be Templum Markets LLC, the broker who is overseeing the ICO with Indiegogo.

Co-founder of Indiegogo, Slava Rubin said:

“We have always strived to foster innovation and provide our users access to some of the most novel and interesting products and ideas from around the world. With the blockchain revolution fully underway, we are excited about the world-changing impact and potential of security tokens. Our goal is to provide an access point to our growing network of millions of customers and the opportunity to own a fragmented interest in the St. Regis Aspen Resort.”

The Indiegogo platform was originally launched back in December 2017 with the first project listing of Fan-Controlled Football League reaching its $5 million target in a very short time. But, despite lots of interest from companies wanting to list ICOs on the platform, Indiegogo declined to list any during the first two quarters of 2018.


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