Hong Kong start-up Fraction sells Thai beach villas and townhouses in US$150 tokens, making real estate affordable in bite-size slices

A Hong Kong-Thai start-up is using blockchain to help three Thai developers sell down their stakes in a portfolio of Phuket beach resorts and downtown condominiums, slicing up the US$462 million hard assets and selling them for less than the cost of an iPhone each.The three developers, including Magnolia Quality Development owned by the Chearavanont Family of the Charoen Pokphand Group conglomerate, teamed up with start-up Fraction in putting together a security token offering slated for the…

Hong Kong start-up Fraction sells Thai beach villas and townhouses in US$150 tokens, making real estate affordable in bite-size slices
A Hong Kong-Thai start-up is using blockchain to help three Thai developers sell down their stakes in a portfolio of Phuket beach resorts and downtown condominiums, slicing up the US$462 million hard assets and selling them for less than the cost of an iPhone each.The three developers, including Magnolia Quality Development owned by the Chearavanont Family of the Charoen Pokphand Group conglomerate, teamed up with start-up Fraction in putting together a security token offering slated for the…