The Aspen Digital Security Token
Aspen Digital is creating an ecosystem for real estate in the crypto world and the Aspen Coin is a security token backed by common shares in a single asset real estate investment trust that owns the St. Regis Aspen Resort, a luxury asset.
Asset backed coins are similar to other asset-backed investments: the value is supported by tangible assets. The value of the underlying assets may help maintain a more stable price and reduce the volatility in the price of cryptocurrencies.
Investments will be backed by a proven management team who’ve shown growth in revenue over the last two years. The St. Regis has multiple revenue drivers to generate revenue even in the off seasons and consistently outperformed comparable luxury hotels and resorts during peak seasons.
The property itself is a world class, year-round destination resort. The iconic St. Regis brand name attracts celebrities, high net worth individuals, tourists, and corporate executives, among others. As a venue for high profile events, the property offers 179 rooms, including 25 luxury suites, a 15,000 square foot luxury spa, and 14 fully equipped meeting spaces (accommodating up to 1200 people).
Nestled in the heart of the Rocky Mountains, St. Regis has access to quality, consistent ski conditions and boasts one of the longest ski seasons in the world, and with a multiple food and drink outlets, guests have a variety options for entertainment. This mountainside luxury resort plans to maintain and grow RevPar based on preserving ADR while increasing occupancy.
Maximizing revenue by curating the luxury experience
Food & Beverage
Events & Catering
Over 50 years of combined real estate experience
With over 20 years of experience In asset management, financial structuring, mergers and acquisitions, Stephane is the founder and President of Elevated Returns LLC. Since April 2008 Stephane also serves as the managing partner at Optasia Capital Co., Ltd, an advisory firm in Thailand that focuses on Asian-based transactions.
Alex has over 15 years of experience in hospitality and travel management industry. He has served as CEO of Pacific Assets Public Company Limited, a hotel and real estate investment company listed on the stock exchange of Thailand.
Approximately 10 years of experience in real estate and diamond industry. He joined Elevated Returns in 2016 as a managing director. Experience includes investment sales, debt financing, research and closings. Prior to working in real estate, Jason worked in his family diamond company Martin Kirschenbaum Inc. as VP of Operations.
Director of Development
Joel Hocknell has over twenty years’ experience in contracting and project management. He has completed upscale commercial and residential projects in Manhattan, Aspen, and Hollywood. He joined our predecessor in 2011.
What is a token in an ICO?
An Initial Coin Offering (ICO), is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for Bitcoin and Ethereum.
How does one use a token?
A security token (sometimes called an authentication token) is a small hardware device that the owner carries to authorize access to a network service. The device may be in the form of a smart card or may be embedded in a commonly used object such as a key fob.
What is a security token?
A security token represents traditional, private security interest. It could represent a share in a company, an interest in a partnership, or a membership interest in a limited liability company. Essentially, you’re taking something that today you have on paper and you’re putting an electronic wrapper around it.
How is a security token different than a utility token?
Utility Tokens are protocol tokens, tokens that power a decentralized software. For example, if you’re using decentralized file source — think something like DropBox but done in a decentralized fashion — you’d have a storage coin that would power this system & it would be a payment mechanism for the system. Think of it almost like a pre-paid software license. But the key here is that it’s not a security interest like a Security Token. You do not own anything in the company and there is no real world asset that backs it.
Why security tokens?
Security tokens replace paper certificates with digital tokens on the blockchain. Security tokens enable liquidity, trading scale, and new financing models that benefit both the investor and the issuer. For the last 1,000 years ownership of most assets was managed by all parties to each transaction signing paper certificates. With tokenized securities, there is one document that defines the rights of token holders, and the tokens themselves are a proxy to that master document, and can trade just like cryptocurrencies, within regulations.
Who can invest?
Initial Token holders may be accredited investors in accordance with applicable U.S. laws.
Under Regulation D Rule 506( c ): Only accredited investors can participate in the Aspen Digital Coin offering.
What is a SMART contract?
Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.
The token platform follows ERC20 protocols for the tokenization of securities and other assets. The ERC-20 standard facilitates the creation of functional tokens for the Ethereum network. Ethereum is defined as the next generation blockchain, which aims to support such advanced features including user-issued coins, decentralized exchanges, and smart contracts.
Where can you purchase Aspen Coins?
Investors may go to Templum Markets for the on-boarding process to purchase Aspen Coins.
Investors will need to provide the necessary information to ensure that purchasers of Aspen Coins adhere to applicable investor guidelines.
Does my token give me the right to say at the St. Regis Aspen for free?
No. There will be no free perks attached to Aspen Coins in regards to free hotel room or free hotel accommodations at the St. Regis Aspen or any St. Regis hotel.
Where and how do I keep my coins?
You can keep Aspen Coins in any wallet that supports ERC-20 tokens including your free Aspen Web Wallet. However you can transfer these to other wallets if you choose to. The following wallets are known to be compatible with Ethereum tokens (ERC-20 standard):
MyEtherWallet (no download needed) MetaMask (Firefox and Chrome browser addon) Mist (Desktop) Parity (Desktop)
How can I sell my coins?
You can get information about resale from the Templum ATS – these will have restrictions on immediate sale and limited, if any, liquidity.
Is this a safe investment?
As with any investment, particularly in early-stage private companies, there is a risk of total loss of an investment. Only invest an amount you can completely afford to lose without changing your lifestyle.