In a first, Malaysian resort to be built via token sale

IBN Corp, one of Southeast Asia’s largest commercial developer, has announced that the budget of Malaysia’s latest luxury resort will be funded through asset tokenisation, allowing investors to be part of the mega project that is being built in the city of Genting Highlands. Dubbed the IBN Highlands City, this project will host 5-star hotels, commercial plots, serviced apartments, and more in the luxury segment. The developer hopes to raise $325 million through the sale.