Auckland, New Zealand – (NewMediaWire) – February 11, 2023 — In the latest development, Capital Trust Group Limited has made history as the first investment management firm in New Zealand to issue a digital bond in the form of security tokens on Polygon, a public blockchain platform. Dubbed the Private Jet Residence Securities Token (PJST), the bond aims to fund Asia’s first and only super-luxury private jet residence.
CTG’s digital bond offering is a unique way to provide alternative financing for traditional real estate projects, enabling fractionation and aggregation of real estate ownership. The bond will be used to fund the first super luxury private jet residence and golf course project. Investment bankers and financial advisors are also invited to attend.
Fireblocks, a provider of custody and transfer technology for digital assets, worked with CTG to securely mint, burn, self-custody and distribute the bond to investors. Ownership of the bond is recorded on the blockchain once investors complete the purchase.
In addition, CTG is in partnership with Power-All Networks Ltd. (PAN) to digitize real assets and bring innovation to traditional business.
Stephen Richardson, Head of APAC and SVP of Financial Markets at Fireblocks said:
“CTG’s issuance of PJST is an example of blockchain’s potential to disrupt financial markets through tokenization. We’re excited to help CTG deliver the most secure and robust tokenization platform, enabling turnkey token issuance, management, and secure token storage.”
About the Capital Trust Group
CTG, based in Auckland, New Zealand and chaired by Mr. Kim Hak-Su, 8th Executive Secretary of United Nations ESCAP, is an investment management and proprietary trading firm. It provides an online trading platform for proprietary traders to access a range of financial products including stocks, ETFs, bonds, options, futures, metals and currencies from a single multi-currency online margin trading account.
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About Power All Networks Ltd
PAN is a technology pioneer specializing in inter-cloud computing and blockchain ecosystems.
About Fireblocks
Fireblocks is an enterprise-class platform that provides a secure infrastructure to move, store, and deliver digital assets. Fireblocks enables exchanges, custodians, banks, fintechs and hedge funds to securely scale digital asset operations via the Fireblocks network and MPC-based wallet infrastructure. Fireblocks serves over 1,600 financial institutions, has secured the transfer of over $3 trillion in digital assets, and has a unique insurance policy that covers assets in storage and in transit. Some of the largest crypto companies have switched to Fireblocks because it’s the only solution that both CISOs and ops teams love. Visit www.fireblocks.com for more information.
For more information, visit: https://www.ctgportal.com/STO/private-jet-residence
media contact
Company name: Capital Trust Group Limited
Contact: Peter Wise
Website: https://www.ctgportal.com/
Telegram: https://t.me/ctgprime
Email: [email protected]
City: Auckland
Country: New Zealand
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