A closer look

Why buy an overpriced ski chalet when you can buy a cryptographic token that legally guarantees you own 0.0001% of one? In a desperate bid to unlock liquid capital from deeply illiquid brick-and-mortar assets, developers tokenized the St. Regis Aspen resort via the 'Aspen Coin'. This legally compliant secondary market allows retail investors to trade fractional slices of a luxury hotel on digital exchanges just like they would trade shares of Apple stock.