Publity AG wants to be the world’s first listed company to tokenize its own shares on Ethereum – what are the consequences?
PREOS is a real estate company focused on office properties. The company is currently mainly active in Frankfurt and in the future it wants to expand into other European financial centers.
For the implementation of the ambitious project, the company uses the Ethereum blockchain and from today the tokenized securities are tradable on the XETRA trading platform. Each PREOS token represents one PREOS share.
In addition, every PREOS token holder has the option of exchanging their tokens for conventional PREOS shares. The tokenized shares have the same dividend rights and the same voting rights at the PREOS general meeting as all other shares in the company.
A milestone in the international real estate industry. We make real estate digital and investable for everyone, regardless of location or infrastructure.
Olek also said that this tokenization of the shares, approved by the Federal Financial Supervisory Authority (BaFin) on November 23, 2020, had opened a new chapter on the capital market.