Hotel marketplace RSRV is teaming up with the Tezos blockchain to tokenize its first asset – the St. Regis Aspen Resort.
Tokenizing Equity with Tezos Blockchain
In a strategic move announced on February 26, hotel marketplace RSRV revealed its collaboration with the Tezos blockchain to tokenize a segment of its equity, approximately 5%, in the prestigious St. Regis Aspen Resort. RSRV’s preference for the Tezos network stems from its recognized strengths in security, scalability, and energy efficiency.
The news was announced in a press release that claimed,
“Shares will utilize Tezos blockchain technology to provide unique informational transparency into the capital structure of the issuer.”
Co-founded by Aspen-based entrepreneur Stephane De Baets, RSRV has garnered support from tZero Group and Science Ventures. This partnership allows investors to convert RSRV shares into hotel accommodations at a fixed exchange rate, safeguarding against future room rate fluctuat
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