Just 1 day is left until the end of LAT Token Sale – one of the biggest ICOs of this autumn. LAToken has already raised $18,5+ million from 11,000 contributors, becoming #1 among tokenization platforms.
[Note: This is a press release.]
Bringing Real Assets onto Blockchain
Almost two months ago, LAToken tokenized Apple shares, making hard assets tradable in cryptocurrency for the first time in history. That day was the starting point for bringing assets worth trillions onto blockchain. LAToken started with shares of blue chips, such as Tesla and Amazon, safe haven assets, like gold, commodities, like oil, and real estate tokens, backed by ETFs. They are already traded on the LAT Platform. And other assets, ranging from equity to real estate and artworks, will be added soon.
According to LAToken founder Valentin Preobrazhenskiy:
We believe crypto can dominate the global economy, and to bring the crypto expansion to multi-trillion markets closer, we enabled cryptocurrencies to be widely used in the real economy. Our idea attracted thousand of supporters making LAToken #1 among tokenization platform by funds raised.
Preobrazhenskiy also mentions that his dream is to build Nasdaq on blockchain with a wider range of assets tradable 24/7 globally.
His words match LAToken team’s actions. They already deployed an open LAT Protocol that allows 3rd parties to tokenize almost anything. The protocol ensures that the link between the token and the underlying asset is legally and technically enforceable, and enables P2P contractual rights transfer. As a result, assets worth $1.2 trillion can be traded on the LAT Platform by 2025.
Trading real assets on blockchain has many upsides. First of all, it provides you with an opportunity to diversify crypto portfolio without converting to fiat. While cryptocurrencies remain one the most volatile, yet attractive investments, LAToken helps you get exposure to real assets using your crypto holdings. Imagine, you can buy a piece of Mona Lisa or a fraction of a French castle, and sell it with profit in a few years. Looks like the best way to navigate the crypto markets volatility storm today.
Secondly, LAToken enables small investors to get access to previously closed markets. For example, the entrance level for real estate and artworks markets stands at thousands of dollars. Even if you see an amazing investment opportunity, you wouldn’t be able to invest without a considerable starting capital. LAToken changes that by selling assets by fractions. You will get the chance to start investing in real estate and art with just $100.
Owners of illiquid assets, in their turn, get the opportunity tokenize them and sell by fractions with a liquidity premium estimated at 10–40%. Mitchell Manoff, Co-Founder and CEO of Corinthian Partners and LAToken Advisor with 42 years of experience in finance explains:
Businesses succeed if they provide a solution to a problem which affects a large market. Finding liquidity for illiquid assets is a trillion dollar market. LAToken has found a solution to this global problem.
Finally, fiat traders can prefer LAToken to NASDAQ due to lower transaction costs and 24/7 availability and a wider range of available assets.
Today is the last day of LAT Token Sale. Hurry up, or you’ll miss the chance to join the hottest ICO of this autumn the with real vision and working platform. Join now at sale.latoken.com to get an 7% bonus.
Images courtesy of LAToken