Developed by Indiegogo, Aspen Coin is a new security token that will allow investors to own a tokenized share in the St. Regis Aspen Resort in Colorado. While Indiegogo will not be selling the coins directly, it will direct investors to places where the crypto can be purchased. Functioning essentially as a form of crowdsourcing, buyers of the coins will own a piece of the resort and will be able to trade Aspen Coin through Templum SEC-registered Alternative Trading System.
The decision to offer this new form of cryptocurrency was made to let investors participate in the cryptocurrency craze while navigating the federal regulations surrounding Initial Coin Offerings. Aspen Coin will be available to investors in 235 countries and will be open to investors who may not be generally included in high-net-worth markets.