iSTOX makes part of Mapletree Europe Income Trust available in tokenised form

Wednesday 7 April 2021 11:35 CET | News

Private market platform iSTOX has announced a digital securities issuance that gives individual accredited investors partial access to Mapletree latest office fund, Mapletree Europe Income Trust (‘MERIT’).

MERIT targets a 12% internal rate of return and will be managed by Mapletree Real Estate Advisors. It has a term of five years with provision for two one-year extensions and will make distributions on a semi-annual basis in EUR.

A part of the fund has been made available to individual accredited investors in tokenised form (through Prometheus-2) and in smaller units.

Primary subscription for individual investors via iSTOX closed in March 2020. Subscribed units are now listed on the iSTOX exchange for secondary trading, providing existing accredited investors liquidity and new accredited investors a chance to participate.

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Keywords: tokenization, funding
Categories: Banking & Fintech | Payments General
Countries: Europe
This article is part of category

Banking & Fintech