Serene Country Homes Group, an American property developer based in Fort Worth, launched a new digital asset token called “RET” (Real Estate Token) and announced its Initial Coin Offering last May 19. With the help of Pencil Blockchain Company, the American developer became the first corporation to use Acchain blockchain tool for asset digitization. Serene Country Homes introduced their first property to be digitized in the platform: Sendera Ranch, a $655-million residential project that will add 2,385 homes in the growing Dallas-Fort Worth metroplex. The Sendera Ranch RET will allow the American developer to build the community faster and bring more homes into the supply-constrained Dallas-Fort Worth market. Property investors stands to benefit most from RET as it aims to provide them with the liquidity to a popular fixed asset. —
“This is just the first of many projects we are hoping to launch in the RET ecosystem. As we grow and expand to more markets, RET will help us to realize our goal of bringing affordable homes to more families in North America.” reiterated by Serene Country Homes’ President and CEO, Dirk Foo.
The launch of RET marks the arrival of commercial applications of blockchain. ACCHAIN is leading the way in the digitization and circulation of assets through their global asset chain, providing businesses with a faster, safer and more secure way of reaching investors worldwide. With ACC (Asset Collection Coin), the standard general token in their platform, Acchain has established a global exchange for all digital asset tokens from various regions (including PEB from China). The exchange of RET and ACC has attracted tremendous attention from overseas. A large number of companies in China are hoping an asset exchange on ACCHAIN is established soon, in line with China’s “One belt, One road” policy, which would help greatly benefit the global economy.
Real Estate Industry insiders including agents, business owners and institutions attended the event to show support and to get a better understanding of the uses and benefits of RET. With the growing interest on Blockchain and the introduction of commercial applications, businesses and consumers alike are paying closer attention to how the technology is evolving.
This also includes governments who are looking for ways how to use the technology in different sections of the government. During an appearance at the North American Securities Administrators Association Section 19(d) Conference last week, SEC Commissioner Kara Stein remarked: “We would like to make technology become the larger part of our mission. At the same time, we hope to study more about the applications of blockchain technology, and to pay more attention to network security to do a better job on client protections.”
During the same event, Pencil Blockchain Company was welcomed into the Acchain DAO community and will become one of the Acchain super nodes in North America for advertising Acchain and its commercial application implementation of the blockchain technology. The company is also in talks with a third-party fund management company to establish a mixed ETF Fund, the first building block of Acchain’s financial services system.
American Digital Asset Exchange Inc, a blockchain financial service institution, is also expected to join Acchain as a DAO member soon to establish a digital asset exchange transaction system for Acchain. With increasing regulation on blockchain normalization and segmentation by the SEC (U.S. Securities and Exchange Commission), local blockchain companies will be able to explore more development opportunities as it targets the global market.
About Serene Country Homes Group
Serene Country Homes is a real estate development group based in Fort Worth, Texas, focusing on bringing affordable homes in several communities within the metro.
Release ID: 201913