BTG ReitBz STO for brazilian real-estate reaches soft cap
BTG Pactual Latin America’s largest investment bank, and its fully owned subsidiary Enforce, a leading manager of distressed Brazilian assets launched “ReitBZ (RBZ),” a security token that will grant purchasers access to the distressed real estate market in Brazil, through blockchain-based technology, in February
Today in an email to potential investors, ReitBz announced that it has achieved its soft Cap of $3 million USD and is now going for its hard cap which is $15 million. The security token offering allows purchasers from several countries that allow cryptocurrency investments to acquire tokens that will represent an investment in Brazilian distressed real estate properties through a low-cost, tax-efficient structure.
Payments can be made in Eth or through stablecoins.
UNLOCK previously covered the news story on the launching of ReitBz STO for the real-estate market in Brazil.