Our partner micobo has been selected by listed company PREOS AG for €460m Security Token Offering
- In collaboration with micobo and Upvest, PREOS Global Office Real Estate & Technology AG has become the first publicly listed company whose shares are tokenized
- micobo is now the issuer and manager of the tokenized shares of PREOS, with a market value of around €460 million
- Upvest supports the custody side of micobo’s infrastructure, safeguarding PREOS tokenized shares
The real estate investor PREOS Global Office Real Estate & Technology AG has become the first publicly listed company whose shares are digitally securitized by a blockchain-based “digital twin” (token). Its parent company, Publity AG has tokenized PREOS shares with a market value of around €460 million, utilizing micobo’s technical infrastructure to issue and manage security tokens.
Our partnership with micobo has led us to become the custodian of these securities. Supporting micobo’s infrastructure in the custody side, guaranteeing banking-grade security and a regulatory compliant asset storage environment.
We are proud to be part of this great achievement by micobo, and look forward to working together in further projects.