As we reflect on Q3, it’s clear that VESTN is gaining momentum on multiple fronts. From launching our initial testnet to forming strategic alliances and strengthening our advisory board, we’ve been hard at work building the future of tokenized RWAs. Here’s an overview of our key accomplishments from the past quarter:
V1 Testnet Launch
July marked a major milestone for VESTN with the launch of our V1 Testnet. This initial phase was a crucial step towards refining our platform, and we began with our most loyal community members and OG supporters. We exceeded our goals, onboarding twice the number of users we initially targeted and surpassing 1,000 shares sold in the process!
Over the course of just three weeks, these dedicated users purchased over 1,000 shares, helping us thoroughly test and improve our platform. Their feedback has been instrumental in refining the user experience and preparing us for the next phase of our journey.
Strategic Alliances: Powering Our Vision
At VESTN, we understand that collaboration is key to accelerating innovation. This quarter, we formed several strategic partnerships that will help solidify our position as a leader in the tokenization space:
- Ambassadors Capital: Our inclusion in Ambassadors Capital’s portfolio of innovative companies. This partnership not only validates our vision but also provides us with valuable resources, networks, and opportunities to scale.
- Syndicate Network: Our alliance with Syndicate Network strengthens our collaborative efforts in blockchain, allowing us to bring the latest news and innovations to our community. This partnership also fosters deeper engagement within the blockchain ecosystem.
- IX Swap: As a leader in asset tokenization, IX Swap opens the door to new synergies and shared expertise. By combining our strengths, we aim to accelerate the adoption of tokenized assets and broaden the horizons for investors in this exciting space.
Strengthening Our Advisory Board
To continue driving innovation and growth, we’ve bolstered our advisory board with two industry heavyweights who bring a wealth of knowledge and experience:
- Ryan Horn: The Founder of N3ON and former NFT Director at Binance, Ryan is a global leader in Web3, GameFi, and intellectual property sectors within the crypto space. His expertise will be invaluable as we push forward with our tokenization efforts.
- Jonathan Farnell: As the Founder of M3TACARD and former CEO of Binance UK, Jonathan’s extensive background in finance, banking, and Web3 makes him an ideal addition to our advisory board. His insights into regulatory compliance and financial services will help shape our strategic direction.
These industry leaders will play a pivotal role in guiding VESTN’s future as we continue to innovate and expand our platform. Since these announcements, we’ve been actively onboarding new team members and look forward to sharing more details with you soon.
Team Transparency and Growth
Transparency is at the core of VESTN’s mission. This quarter, we introduced our core team to the community, showcasing their images and detailed bios. Our team’s experience speaks for itself, with over 100 years of combined real estate expertise and $2.5 billion in transactions.
We believe that openness fosters trust, and we’re proud to highlight the exceptional talent behind VESTN’s continued growth.
Key Achievements in September
Throughout September, we made significant strides across compliance, partnerships, and product development. Here are some key highlights:
- Compliance: We strengthened our legal framework by welcoming a US lawyer to the team, ensuring we stay compliant with regulations as we continue to expand.
- Product Development: Our team worked tirelessly to finalize new features, including our educational platform and video content, aimed at informing and engaging our community.
- Partnerships: We held productive discussions with asset owners in both the UK and the US, comparing potential assets for tokenization and exploring new opportunities.
Final Q3 Highlights
- Published: Our in-depth article on Tokenized Real-World Assets (RWA), breaking down how tokenization is transforming traditional investments.
- Launched: Our Zealy Campaign, offering community members a chance to win a share of $250 USDC. This campaign kicks off tomorrow at 7PM GMT — don’t miss out! Join here: https://zealy.io/cw/vestn/invite/6pzbwJkBgmNN1_-n33sq1
- Shared: Insightful industry projections landed after The Tokenization Asset Coalition has just released its 2024 update. They announced a 32% market cap increase in tokenized assets this year and bullish predictions including:
• $30T tokenized assets by 2036 — Standard Chartered
• $16T tokenized illiquid assets by 2030 — BCG
• $5T tokenized digital securities by 2030 — Citi
• $2T tokenized digital securities by 2030 — McKinsey - Explored: We sat down with hotel owners in Scotland to discuss synergies and potential opportunities for real estate tokenization.
- We have also been in discussions with asset owners throughout the UK and have had £30-£50 million in assets pledged so far to the VESTN platform.
As we move into the final quarter of the year, we’re more excited than ever about the future of VESTN. Our Q3 achievements have laid a solid foundation for what’s to come, and we’re just getting started. We look forward to continuing this journey with our community as we build the future of tokenized real estate together.
Stay tuned for more updates, and thank you for your continued support!