CryptoNewsBreaks – La Estancia Holdings Ltd. to Launch Caribbean’s First Real Estate-Backed, Legally Compliant DSO
Cayman Islands-based holding company La Estancia Holdings on Monday announced the planned May 15, 2019 launch of its Digital Securities Offering (“DSO”) token symbol, "LAEST." Per the update, the token represents an equity ownership stake in La Estancia Holdings, which includes 18 luxury residential real estate properties, collectively valued at $8.5 million, which are yielding an 8 percent annual return under a long-term commercial lease contract. “We have a unique commercial leasing environment in La Estancia thanks to the government’s exceptional progress in making the Dominican Republic the No. 1 Island economy in the Caribbean,” La Estancia CEO Armando Cignarale…





