Smartlands, a decentralized platform for equity and security tokens, has teamed up with Lithuania-based Vilnius Blockchain Centre to promote its upcoming tokenization project.
The partnership, announced in a statement on Wednesday, will see both companies working to “familiarize investors, partners, and members of the Smartlands Platform community with asset tokenization, its benefits and advantages over any other modes of investing online.”
“The reason we’re particularly happy about the partnership is that one of the real estate properties we’re considering for tokenization is a modern office building located in Vilnius. Our involvement with VBC will be the perfect opportunity to gauge the locally sourced interest to the project in real time and with the invaluable input by the Vilnius blockchain community as an impartial guide,” Smartlands CEO Arnoldas Nauseda said.
At the end of last month, Smartlands kicked off the voting process on the first Security Token Offerings (STO) to be launched on its platform. The company presented the list of front-runners, including five candidates for tokenization — a residential building in Manhattan, a logistics center in Warsaw, a commercial office building in Vilnius, a coal mining company in Kentucky and a factory complex in Southeast London. The polls will remain open until the middle of November.
Smartlands’ native token, SLT, has been on the up in recent days. At the time of writing the cryptocurrency is trading at $5.5, posting a 14.82% gain in the past 24 hours. Since the beginning of the month, SLT has almost doubled in value, raising over 75% from its November 1 price of $2.49. The coin’s market capitalization currently stands at $28.059 million, ranking SLT as the 169th largest asset on CoinMarketCap’s chart.