Smartlands is putting its foot in for a billion-dollar tokenization vision with a new broker-dealer collaboration to make it happen. The British digital tokenization company is as of current collaborating with IIP securities, which is an international bank and consultancy situated in New York as it embraces bringing its security token crowdfunding model stateside.

The alliance will provide Smartlands with access to the IIP securities’ broker-dealer license, which is very imperative for complying with US regulatory outlines, and that has been hard to come by. The license is difficult to acquire but however not possible for digital asset firms. With the license secured, Smartlands chief executive officer Ilia Obraztsov reports that his company will persist with the building of its global tokenized Investment platforms on the stellar network.

The chief executive officer notes that “our goal is to tokenize one billion dollar assets by 2024. On this race, the United States is the next step.” for asset holders who have interests in fractionalized ownership, Smartlands UK may just be what they need.

In June 2019, the company revealed one of Britain’s real estate organization projects and funding, a student housing complex funded to the tune of about 1 million Euros. The listing has projections of the yield of about 15% annually, with the chief executive officer of Smartland UK saying that modest returns on low-risk assets will persist in being the company’s agenda even as it expands stateside.

The company is also considering green energy commodities and late-stage startups. In the past year, a number of leading crypto-focused firms have been pushing towards securing broker-dealer licensing, which constitutes the Winklevoss controlled Gemini exchange and Harbour, which recently gained regulatory approval.

The chief executive officer of Smartlands UK said, “about securing a broker-dealer license was a huge step forward towards the token security landscape. We think the property rights market is really huge in the hundreds of trillions. There is room for everybody.” Smartlands had already been working under UK regulatory approval, and its collaboration with IIP securities only clears the path of one barrier to entry into the United States.

Both firms will have to drum up on local regulatory outlines in the coming months as they intend to launch in the United States by the spring of 2022. Smartlands UK developers are mostly found and work from Vilnius, Lithuania, and Kiev, Ukraine, where IIP has its company headquarters. Galyna Danylenko, who is the public relations lead for Smartlands has opined that the company will soon be looking out to build a New York team.

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