Partners with tZERO, Tezos Foundation and Megalodon for First STO Project, River Pla-za, a Luxury Riverside Development in Central Manchester

HONG KONG, CHINA - Media OutReach - October 31, 2019 - UK-based Alliance Investments, a direct-to-developer real estateinvestment company, today announced its plans to tokenize £500m of real estateprojects across the UK over the next several years. The first project of itsreal estate tokenization plan is River Plaza, a 180-unit luxury residentialdevelopment that is located on the banks of River Irwell and directly oppositeof Castlefield in Manchester. In collaboration with tZERO, Tezos Foundation andMegalodon, Alliance Investments' River Plaza project is the UK's first realestate-backed security token offering (STO) and one of only a handful of realestate STO's worldwide. 

AllianceInvestments intends to tokenize at least £20m of thevalue of River Plaza. The River Plaza STO willbe digitized using tZERO's tokenization technology and Megalodon's advisoryservices and issued on the Tezos Blockchain. River Plaza's security tokens willprovide investors with liquidity through tZERO's secondary trading technology,which powers the alternative trading system operated by PRO Securities, LLC, asubsidiary of tZERO. The STO is expected to launch in Q1 of 2020. 

AllianceInvestments CIO Rani Zahr said, "Raising funds through an STO is moreefficient, cost-effective, autonomous and democratic than traditionalfinancing. We believe that we are at the forefront of a technological changethat can disrupt the current funding paradigm and we are delighted to partnerwith two global players that are leading blockchain innovation, tZERO and TheTezos Foundation, for our first STO."

A realestate-based STO is the process of issuing digitally-enhanced equity securitiesin a holding company that owns the real estate asset. More generally, securitytokens can be structured to represent a variety of ownership and economicinterests in an underlying asset, such as equity in a company that owns theasset, an interest in debt secured by the real estate, a stream of income basedon cash flows from the asset or an interest in the capital growth of anoff-plan project, to name a few. 

tZERO CEOSaum Noursalehi said, "We firmly believe that digitalsecurities represented by security tokens are the future of how the world willtrade value. Tokenizing real estate will democratize access to thistraditionally exclusive asset class, and we are thrilled to partner with AllianceInvestments to advance our goal of tokenizing and trading all assets."

TezosFoundation Board Member Hubertus Thonhauser stated, "We are impressed byAlliance Investments' entrepreneurial vision to redefine real estate ownershipand tZERO's mission to make liquid assets available to a broad audience. It isour mandate to power real world use cases of blockchain adoption with the mostadvanced open source technology, and we are excited to work with Alliance andtZERO to make this a reality."

MegalodonManaging Partner Esteban van Goor said, "We are glad to see a company likeAlliance Investments taking a lead in tokenizing its assets and are pleased toadvise them on their first STO."

The £500mof real estate projects will be tokenized over the next several years in allparts of the UK with projects ranging from residential and studentaccommodation to commercial and hospitality properties. 

The RiverPlaza building is scheduled to complete in Q3 of 2022. For more informationabout River Plaza, visit www.riverplazamanchester.com.