Recently, Aspen Digital successfully completed a Security token offering by issuing Aspen coins based on the Ethereum ERC-20 token standard, backed by common shares in a single asset real estate investment trust that owns the St. Regis Aspen Resort, a luxurious property based in Aspen, Colorado.
The resort is very well known for high end amenities and breath-taking views of the Rocky Mountains.
The token offering was carried out via Indiegogo, a crowdfunding marketplace and the price of each Aspen coin was USD $1. Considering the security laws in the US, the token offering was open only for accredited investors who had to purchase a minimum of 10,000 tokens. Aspen coins.