Avalanche
Ethereum
ASPD tokens represent indirect equity interests in the St. Regis Aspen Resort, a 179-room luxury hotel at the base of Aspen Mountain. The 2018 offering raised $18M and became the canonical case study in single-asset real estate tokenization; tokens now live on Avalanche with Securitize as transfer agent.
Fractional equity in a five-star Aspen resort, the 2018 landmark deal.
Prism analyst note
ASPD is trophy-asset tokenization: a genuinely irreplaceable luxury property whose token has roughly doubled since issuance, buoyed by Aspen's post-pandemic luxury boom. Liquidity happens in bursts on ATS venues; there is no daily NAV, so price discovery is episodic. Single-asset hospitality concentration: RevPAR, ski seasons, and cap-rate moves drive everything.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Structure & compliance
- Underlying
- St. Regis Aspen Resort (179-room luxury hotel)
- Legal structure
- Equity in Aspen Digital Inc. (REIT-style holding), Reg D
- Jurisdiction
- United States (Colorado property, Maryland corp)
- Custodian
- Property held by resort ownership entity
- Administrator
- Securitize (transfer agent)
- Oracle / NAV source
- Periodic appraisals; secondary market pricing
- Reserve information
- Value derives from resort equity; periodic appraisals and operating results.
- Transfer restrictions
- Trades between verified investors via ATS venues.
- Investor eligibility
- Accredited / professional investors
- KYC required
- Yes
Reserve verification
Contracts & on-chain data
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers. 1.8K+
Documents & disclosures
Frequently asked
Do holders get resort perks?+
Holder benefit programs have existed (stay discounts); the core value is equity exposure to resort performance.
