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French Fintech Firm Announces $78.5M Paris Real Estate Tokenization Deal



  • French financial technology firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize Paris properties.

  • According to a June 17 announcement, ID Distribution and Groupe JRI plan to jointly issue security tokens and a Frankfurt listed bond to acquire buildings in downtown Paris.

  • The use of security tokens is meant to strengthen the capital more so than could be achieved with traditional debt instruments.

  • Tokens will be issued on a private blockchain through tokenization platform wezee.io.

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