Learn More. How can security tokens or utility tokens change the world of real estate? In Stephane’s case, this prodigal fire is the ability to invest in projects generally outside the purview of the ordinary investor. As a retail investor, you can go to a marketplace and choose a token corresponding to a property. Phone +1 970 429 9695. For example, as a hotel provider or hotel operator, your job is to provide the best service to your consumer. Each comes with personalized service and exquisite amenities. They want a good deal. The St. Regis Aspen, the hotel that the AspenDigital tokens represent partial ownership of. Readers around Aspen and Snowmass Village make the Aspen Timesâ work possible. It’s. “The fact that we’re still relying on the Securities Act of 1933, dealing with paper securities, and using a clearing agent is amusing in that it’s nearly 100 years old. Stephane describes the experience of owning a luxury property as wonderful in terms of bragging rights, but short-lived. The residential aspect of the club would account for nearly 64,000 square feet. “Think about it; if you buy Aspen Digital, you have the leverage which is basically the mortgage of the asset. Consider ownership for your vacation time and experience the timeless style and impeccable service of St. Regis. Apply online…, Jedediah's is looking for new team members! The post Stephane De Baets Owns the St. Regis Aspen Resort, and You Can Too: Enter Tokenization appeared first on CoinCentral. AspenDigital is the token associated with Stephane De Baet’s tokenization of the St. Regis in Aspen, Colorado– a prestigious getaway for society’s pinky-up upper echelon tucked into the Rocky Mountains. Cryptocurrency is an inherently very risky asset class, and always do your own research and consult a licensed financial advisor before making any investment or purchase. Your On-site Concierge will assist with all of your questions or requests during your stay in Aspen. Stephane’s decade-long journey into blockchain isn’t just about making more money– there’s a rebellious element to his investment philosophy. ** Free Meals Free Uniforms Flexible…, NOW HIRING: BOOKKEEPER Job Costing Receivables Payroll Taxes Some Insurance Items Salary/ Wages negotiable based on experience and advancement opportunities.…, Now Hiring! “I can say within five years, everything’s going to be digital, including the Dollar and Euro,” says Stephane. Your consumer is actually the party giving you cash to pay your employees, pay your bank loans, and make a profit. Coming from capital markets, Stephane argues, this revolution isn’t a matter of if; it’s a matter of when, who, and how. “If you consider 2017 as the first mainstream wave, we’re looking at the second one now,” says Stephane. “The perks you receive from your tokens can grant token holders a value much greater than potential capital gains.”. As the Founder and President of Elevated Returns, an international asset management firm, Stephane launched the first major tokenized commercial real estate auction to sell a portion of his ownership stake in one of his properties– the idyllic Aspen St. Regis Resort in Aspen, Colorado. Aspen Club owner and president Michael Fox said the club isnât interested in Elevatedâs overture. Competitive Pay, Great Benefits & Oportunities for Growth! Your consumer is actually the party giving you cash to pay your employees, pay your bank loans, and make a profit. Every contribution, however large or small, will make a difference. Stephane is also the Founder and Owner of Chefs Club, a restaurant group with a rotating residency of world-class chefs at its locations in Aspen and New York City. The 2 and 3 bedroom suites are furnished with everything one needs, including: large flat screen TVâs in each room, housekeeping twice daily, concierge service, airport transports, heated â¦ I have a great deal of trust and conviction that sooner or later, there will be a great disintermediation that takes place no matter what, and the people should be ahead of it.”, Luxury Real Estate 101: A Walk Through with Stephane De Baets, “There isn’t much value added beyond solving those cashflow inefficiencies,” says Stephane. Aspen Coins, the tokenized securities sold on crowdfunding platform Indiegogo, expose investors to Coloradoâs St. Regis Aspen Resort. This is the old way of higher-end commercial real estate, and according to Stephane, a small, incestuous world with a limited number of players. I have a great deal of trust and conviction that sooner or later, there will be a great disintermediation that takes place no matter what, and the people should be ahead of it.”. Follow us on Instagram: @StRegisAspen A screenshot of The AspenCoin August 2020 disclosure statement on tZERO, “There isn’t much value added beyond solving those cashflow inefficiencies,” says Stephane. www.cityofaspen.com EOE, Now Hiring! And then you have private investors and partners asking for their 15% return on their money. A screenshot of AspenDigital’s trading history on tZERO. “I see the lending market changing significantly in the next decade,” says Stephane. Giving access to this upper echelon of investing on a democratic basis, a la tokenization, would go a long way towards promoting equality. Nestled at the base of Aspen Mountain, St. Regis Residence Club, Aspen is located just steps away from the signature slopes. 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