REITIUM, an asset-backed real estate investment platform has partnered with Cozystay, to support tokenization within the vacation rental market
For Immediate Release:
VANCOUVER, August 2018 — Reitium Blockchain Technologies Ltd. (“REITIUM” or “The Company”) is excited to announce a strategic partnership with Cozystay Holdings Inc. (“Cozystay”).
Reitium is a real estate investment platform using blockchain and smart contracts where investors can purchase fractional pieces of a real estate assets and earn ROI on rental income and appreciation.
Cozystay is an online vacation property rental platform that is implementing blockchain to improve the security and overall experience of its customers on the platform.
Reitium’s technology and token economics structure will enable Cozystay to accept cryptocurrencies such a the Reitium Token. This will expand the Cozystay ecosystem and provide additional properties for vacation rental.
Cozystay has created a unique environment for travelers looking for a place to rent where they feel secure and relaxed in a distinctive lodging experience, whether it is a single room in Hong Kong, luxury condo in Australia, or a penthouse in New York. Cozystay offers exotic accommodations with a local experience. A place of adventure, comfort, belonging, Cozystay creates a feeling of home anywhere you go.
“We’re excited to add Cozystay to our growing list of partners,” said Reitium CEO, Thomas Park. “Cozystay has helped travelers around the globe by offering unique experiences, which is at the core of Reitium’s beliefs. By implementing our blockchain and cryptocurrency technologies, we are able to offer Cozystay expansion into the ecosystem of tokenization, enabling new initiatives. This partnership is a prime example of how Reitium’s platform and abilities can be integrated and help existing companies benefit from new technology. We look forward to working with the team at Cozystay, helping them offer unique travel experiences across the globe.”
Cozystay’s VP & Co-Founder, Don Kim commented, “This partnership will enable Cozystay to further expand our ecosystem and solidify our place in the market. Reitium streamlines investment in real estate just as Cozystay streamlines and improves the vacation rental home industry. This will not only provide additional inventory for Cozystay customers, but also allow Reitium’s real estate investors to generate income from their properties in a very complimentary way by offering them as vacation rental properties on Cozystay.”
On behalf of the Board,
Chief Executive Officer
Reitium is a global, compliant, secure blockchain technology platform which offers investors a 100% asset-backed Real Estate Investment token using a fractional ownership model. Our global marketplace is built to offer the opportunity for anyone to invest for as little as $100, earning ROI on rental income and property appreciation, enabling Real Estate for Everyone™.
Partnered with IBM, Reitium is built on Hyperledger fabric to create an enterprise-grade, permissioned private blockchain. Smart contracts are created for increased privacy, security, transparency and liquidity, while reducing the time and costs traditionally associated with Real Estate transactions.
Thomas Park, Chief Executive Officer
Laura Fortey, Chief Marketing Officer
For more information and to register to Reitium’s mailing list, please visit our website at: https://www.reitium.com/
For more information and to register to Cozystay’s mailing list, please visit: https://www.cozystay.com/
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