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Don Wilson’s plan to sell stakes in South Carolina property via digital token offering falls apart

A Chicago trader’s plan to use digital tokens to sell equity in a South Carolina student housing complex has fallen apart. Don Wilson’s Convexity Properties planned to set up a REIT to sell ownership stakes in the Hub at Columbia building in the form of tokens issued by Convexity and tracked on a blockchain ledger. But the deal fell apart when Convexity couldn’t come to an agreement with US Bank, the mortgage lender for the […]

from The Real Deal New York http://bit.ly/2Pp7WdG

#SkylineProperties #TheRealDealNewYork #Uncategorized

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