NYCE Issues Real Estate-Backed Token, Giving Retail Investors Access To $1 Ownership Units In Private 'Philicon Square' Development

Real estate fintech NYCE has officially launched live trading of $1 ownership units in its TEMPLE I, the first digital liquidity event for Reg. CF real estate crowdfunding investors.

What Happened? NYCE's TEMPLE I property tokens will begin trading on the Securitize Markets Alternative Trading System under the ticker TMPL. TEMPLE I represents Phase I of Philicon Square, a 105-unit community for entrepreneurs located adjacent to Temple University.

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Why It's Important: Regulation CF, also known as Title III of Regulation A+, is a provision added to the Jumpstart Our Business Startups (JOBS) Act in 2016 to allow private companies to raise up to $5 million from the general public. Prior to Reg. CF, private company fundraising was limited only to accredited investors, institutions and the wealthiest 2% of Americans. Reg. CF makes it much easier for startups to raise the capital they need, and it gives retail investors unprecedented access to opportunities that were previously reserved only for wealthy investors.

The TEMPLE I ownership units utilize smart contract technology to trade digitally via a blockchain, and their fractional nature allows investors to take an ownership stake for as low as $1.

“This is a huge milestone and what’s driven the entire team from Day One,” NYCE CEO Philip Michael said. “Allowing a new group of investors to not only invest, but participate on an even footing with the wealthiest 1%.”

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NYCE has already completed five real estate offerings via the Regulation Crowdfunding exemption since 2020, including three campaigns of more than $1 million each. NYCE currently has more than 1.2 million community members, and the company says its goal is to help 100,000 first-time investors become millionaires by 2030.