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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 […]

source https://therealdeal.com/chicago/2019/04/21/don-wilsons-plan-to-sell-stakes-in-south-carolina-property-via-digital-token-offering-falls-apart/#new_tab

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