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Andreessen Horowitz-backed Harbor kicks off security token platform with the sale of a $20 million mega-dorm

by Frank Chaparro

November 27, 2018, 9:59AM EDT  ·  4 min read

Quick Take

  • Harbor, the security token platform with blue-chip backers, is set with its first offering
  • Investors will be able to buy a small slice of giant “mega-dorm,” which houses students at the University of South Carolina
  • The tokens won’t trade immediately and won’t be quite as easy to move as shares of stock, but will bring liquidity to a traditionally illiquid market

by Frank Chaparro

November 27, 2018, 9:59AM EDT  ·  4 min read

Harbor has officially launched its platform to tokenize private securities, the firm announced Tuesday. And it’s kicking things off with the sale of a tokenized real estate investment trust representing a stake in a $20 million mega-dorm. 

Backed by Andreessen Horowitz, Pantera Capital, and others, Harbor offers a platform for firms and other entities to issue tokenized securities as a way to raise capital.