Elevated returns are launching a ‘Mass-Adoption Utility’ based on the Tezos blockchain. This news comes as Stephane De Baets, the Founder & President of Elevated Returns LLC tweeted:
This follows the earlier news that Elevated Returns have developed a new token standard on Tezos called ‘NBIT’, short for Non-Bearer Investment token, which is FA1.2 compliant and also compliant with Thai Digital Asset regulations. The token standard was created with the help of Serokell and TQ and is to be integrated into Securitize, SE Digital, and Alpha Point systems.
This will also mean that further issuers using the Securitize and Alpha Point platforms will be able to make use of this new token standard, enhancing composability with the Tezos Blockchain. Securitize itself recently raised $14 million in a raise from prestigious institutions such as Santander, MUFG Nomura Securities (part of Nomura Holdings). The raise also included investment from the Tezos Foundation. Securitize also recently announced the creation of a peer-to-peer instant trading facility for secondary markets to help fuel liquidity in tokenized assets.
Elevated Returns is gearing up for an imminent launch of its digital asset offering and has been involved in creating a new digital asset/ICO platform with Seamico Securities called SE Digital. It is expected the first ICO will launch on the platform sometime in June 2020. Although initially only open to Thai investors, non-Thai investors will be able to buy in secondary markets. The ICO will initially launch on SE Digital and it is expected that secondary trading will take place on the ERX exchange once a license is fully obtained from the Thai Sec.
The ICO type-token will be called an investment token (effectively an STO) and the first offering is expected to be worth $80m, offering a 6% yield. It was recently reported recently that the Elevated Returns Aspen Coin which originally launched on Ethereum has been successful in paying a 6% dividend to its investors in the first year.
SE Digital is a SEC Thailand licensed platform that will enable Thai nationals to buy into digital asset offerings, that are created and stored on the Tezos blockchain. In Thai law the platform is called an ‘ICO Portal’. It is hoped $1 billion worth of Thai real estate will be tokenized on the platform.
The new Mass-Adoption utility consists of the “Cross roads of (a) rewards system, membership and food”, explained De Baets . It is not yet known whether this system will be launched in Thailand, however it is understood it will be launched on the Tezos blockchain. It is likely that the new utility will make use of the recently created NBIT token standard and will eventually be compliant with the FA2.0 standard which many Tezos projects are working to. This will enable interoperability with both the Tezos blockchain and also other tokens using the FA2.0 standard.
It is understood any rewards system build on Tezos can also make use of Tezos staking, otherwise known as baking – which could also tie in nicely to the food aspect. This could potentially allow extra rewards to accrue due to staking.
As Elevated Returns have already made great in-roads in adhering to Thai regulations, it is expected the utility will be offered in Thailand first, opening up to secondary markets later.
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