Leaseum Partners March Updates
The digital securities ecosystem continues to gain traction and we continue to move forward. In March, we are looking forward to have our CEO joining real estate professionals from around the world at MIPIM in Cannes, France.
Leaseum Announcements
Steve Sillam speaking at the world’s premier real estate event
Each year, thousands of Real Estate professionals from around the world gather in Cannes, France for MIPIM. MIPIM is the premier real estate event in the world gathering influential players from all sectors of the international property industry. On Thursday, March 14th, Steve will be speaking on how blockchain will impact Real Estate finance.
New Tech City — NYC on the Charge
Rohan Amin analyst at Leaseum Partners, published an article on New York City’s progression as a city dominated by the financial services to one with a more diversified working force.
“15 years ago, the words ‘NYC’ and ‘tech’ would rarely have been heard under the same breath. Michael Bloomberg, incumbent Mayor at the time, campaigned for and vehemently pushed mandates and programs that would make New York less reliant on its financial industry and more so on tech, ramping up those efforts post the financial crisis.”
To read Rohan’s full article, click here.
Market Outlook
Tech is a rising force in New York City’s economy
Google is planning to double their workforce in New York to 14,000 over the next decade with plans to build a $1 billion campus in Hudson Square, This expands their footprint in the city to 6.75 million square feet. Google isn’t the only major tech player expanding their New York presence — Facebook, Apple and Uber are all intending to grow in the city. Even after Amazon’s announcement to remove New York as its official second HQ, Amazon also still intends to gradually expand their presence. While finance is New York’s dominant employer, tech’s rise is helping further diversify the city’s economy beyond just that of Wall Street.
Furthermore, Savills, a global property agent, ranked NYC as the world’s number one tech city, surpassing San Francisco. The report analyzed a variety of factors including everything from volume of venture capital investment to the cost of a flat white. New York became the global leader thanks both to the city’s deep pool of talent and their long reputation as the world’s center of commerce.
Major institutions are moving into blockchain
In mid February, JPMorgan Chase announced the creation of a new blockchain based stable coin deemed JPM Coin. JPMorgan’s digital coin is pegged to the US dollar for a 1:1 ratio. Holders of the JPM Coin can redeem them for US dollars from JPMorgan. This announcements makes them the first U.S. bank to create and successfully test a digital coin that represents a fiat currency. This announcement indicates another positive sign that institutions are continuing to increase their involvement in the blockchain ecosystem.
Morgan Creek Digital raised $40 million for a new crypto venture capital fund. The fund will focus it’s investments on both the blockchain and the digital assets industries. The fundraise further indicates increased institutional interest in the digital assets space as the fund counts two pension funds among it’s investors, including Virginia’s Fairfax County.
Investment bank and brokerage Oppenheimer & Co hosted over 150 of their clients in New York City to educate them about the most promising applications of blockchain. Overstock’s CEO, Patrick Byrne was one of the speakers emphasizing the pitfalls of the traditional securities trading process and the impact of a new digital securities based system.
Events we have attended
In New York: Barry Seeman joined members of the digital security ecosystem at Oppenheimer Blockchain Summit in New York City. The inaugural summit was focused on discussion around early use cases of blockchain for logistics, digital securities and financial services.
In Copenhagen: Julianne Sloane spoke at Fintech Disruption Summit in Copenhagen on Real Estate on the Blockchain. She educated an audience of financial services professionals from the Nordics on real estate backed digital securities.
At universities: Our team partnered with Private Equity and Blockchain societies to educate students at University of Cambridge and London School of Economics on tokenized assets.
Upcoming Events:
In Cannes: Steve Sillam will speak at MIPIM in Cannes, France on how new technology is disrupting investment.
Disclaimer:
This article is given for information purposes only and no part of it is legally binding or enforceable, nor is it meant to be. Whilst we believe that the information provided in this article is reliable, its accuracy is not guaranteed and no warranty is given or implied. Certain statements contained in this article constitute forward-looking information involving known and unknown risks and uncertainties, which may cause actual events to differ materially from the estimates implied or expressed in such forward-looking statements. More information about the ICO is available at https://www.leaseumpartners.com
None of the information in this article is intended to provide a basis for an investment decision, and no specific investment recommendation is made. Accordingly, nothing in this article shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offer to sell or a solicitation of an offer to buy any securities or rights of any nature whatsoever in any jurisdiction.
The ICO is not intended for jurisdiction where sale or use of digital crypto-assets may be prohibited. Moreover, the ICO, if launched, will be limited to accredited investors within the meaning of Rule 501(a) of “Regulation D” of the Securities Act 1933 under U.S. law or any equivalent qualification under local laws. You are strongly advised to carry out a legal and tax analysis concerning the participation to the ICO according to your nationality and place of residence.
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