KD Tokens minted tokens (“KDB4 Tokens”) and KDB4 Token holders will share 80% of the gross profit generated from this bounty Central London real estate development. A portion of the profits generated by Greenwich Peninsula Building 4 will be distributed to each KDB4 token holder.
speaking in hong kong, Sammy Leefounder and vice-president of Knight Dragon, said today: “On a corporate level, Knight Dragon has revolutionized the entire European real estate market and will now do so internationally. On an individual level, for a relatively small investment, individuals can own a piece of Central London real estate gain. In the same way that an asset can be securitized by dividing it into shares, tokenization allows an asset to be divided into individual tokens. Tokens represent a specific share of an underlying asset. In this case, ownership of KDB4 tokens will represent a fractional interest in a contractual right to share in the gross profit of Building 4. Building tokenization is set to revolutionize the global real estate industry and we are happy to be a leader in this revolution. Pioneering real estate is at the heart of Knight Dragon’s DNA. We are entrepreneurial and creative place-makers who bring new ideas and set new standards for urban living. Be the first company to tokenize an entire building in Central London fits exactly with our bold vision for the global real estate industry.”
KDB4 asset-backed tokens were created under the supervision of Web3 technical consultant Atom 8 Limited (“Atom 8”) (www.atom8-tech.com), a wholly owned subsidiary of Tykhe Capital Group Limited (www.tykhecapital .com) under a legal and financial structure designed by global law firm Baker McKenzie (www.bakermckenzie.com) and Deloitte (www.deloitte.com) and will be regulated as securities.
Ken LoDirector, Atom 8 said in hong kong today, “This tokenization project represents the democratization of investing, filling opportunities that have traditionally been out of reach for many investors, such as Central London property. The Knight Dragon Building 4 token, and many to follow, represent an exciting new asset class in the Web3 era. We’re thrilled to have played a part in this game changer with Knight Dragon, from advising on Web3 technology initiatives to providing a custodial solution to protect tokens.”
Joy Lamvirtual assets specialist at Baker McKenzie who advises Knight Dragon, said in hong kong today, “The Knight Dragon building tokenization is a groundbreaking transaction that transforms a traditionally illiquid asset into an efficient and transparent investment product accessible to a broad base of investors. We are happy to advise on the structure and offering of these blockchain natives digital tokens that represent a fractional interest in the prime real estate economy in Central London. This innovative transaction clearly demonstrates how blockchain technology can be leveraged by forward-thinking asset owners.”
Robert HimHong Kong Digital Asset Leader at Deloitte, said today: “The tokenization of real estate could become a new key to unlocking the value of real estate, which is one of the biggest assets in today’s private market. It has the potential to become a new primary funding mechanism in addition to existing capital market solutions.”
Knight Dragon’s token structure is backed by the actual audited building 4 cash flows. Investors also benefit from the simplicity and transparency of the token, which represents the earnings of a premium Central London real estate development. KDB4 token holders are also automatically entitled and whitelisted for future Knight Dragon developments in the Greenwich Peninsula, having the first right to invest or purchase future Knight Dragon offerings.
“We are constantly looking for new ways to innovate, always challenging the status quo and staying true to the entrepreneurial and creative spirit of Knight Dragon,” said Richard MargreeCEO of Knight Dragon in London today. “The world is witnessing a blockchain revolution and preparing for the immense changes and benefits that will be brought about by Web3. Knight Dragon will be one of the few global real estate developers to bring a new source of value to investors by offering fractional economic benefits .rights, in this case via split profit sharing, thanks to tokenization.Tokenization also potentially solves the biggest problem in real estate: the liquidity of assets.Traditionally, multiple parties are involved in the legal transfer of ownership. Tokenization eliminates the requirement for third-party involvement, allowing ownership to be transferred directly from one investor to another.”
About the Greenwich Peninsula
The Greenwich Peninsula is rapidly becoming London boldly modern landscape with 17,000 new homes, 13,000 new jobs and 48 acres of public open space emerging over the next few years. Here, a community of thousands of pioneers live in new riverside homes, work in a cutting-edge design district, and enjoy the tide, the elevated riverside walkway, and the neighborhood’s public art trail. which celebrates art, design and well-being, all enveloped by the River Thames. It’s new London: a destination for modern urban life.
About Knight Dragon
Knight Dragon is an entrepreneurial urban regenerator and real estate developer. It creates places, builds properties and invests in related projects that bring new ideas and set new standards for urban living. The team uses creativity and collaboration to innovate. Supported by Dr. Henry Chengchairman of Chow Tai Fook Enterprises Ltd, and led by entrepreneur Sammy Lee, Knight Dragon has a solid foundation and a comprehensive vision. Its flagship project is the Greenwich Peninsula in Londonone of the largest regeneration projects Europewhere the team delivers a new neighborhood that encapsulates Knight Dragon’s approach and expertise in creating creative places
This press release is for informational purposes only. This press release and the information contained herein do not constitute and are not intended to constitute an offer or an invitation to an offer to any person in any jurisdiction to purchase, acquire, participate in or subscribe to any token or security, nor should it or any part thereof form the basis of, or be relied upon in connection with, any contract or undertaking whatsoever. The information contained in this press release is qualified in its entirety by and is subject to the more detailed information set forth in the token offering documents.
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SOURCE Dragon Knight