Real estate blockchain firm Fraxtor obtains capital markets services licence from MAS

ONLINE real estate investment platform Fraxtor said it has obtained a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to deal in capital market products.

The CMS licence will allow Singapore-based Fraxtor to offer real estate security tokens to accredited investors and institutional investors. Investors can invest in real estate development projects in Singapore, UK, Australia and Canada.

Fraxtor turns real estate development projects and investments into digital tokens, which investors can purchase for a fraction of the price.

The platform has been offering real estate investment opportunities to accredited investors in Singapore under exemptions from MAS regulations since 2019. Last July, Fraxtor received an in-principle approval for a CMS licence.

"The approval by MAS is timely and well received as Fraxtor is gearing up to offer more unique tokenised real estate allocations from the region this year," said Fraxtor's chief executive officer Felix Lee on Tuesday (Feb 8).

"There is an opportunity for accredited investors to participate in private market allocations that have been stringently vetted by our team and still offers a new dimension to their portfolio," he added.

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Several fintech companies have recently obtained CMS licences from MAS, including another Singapore-based real estate investment platform RealVantage and London-based banking app Revolut.