Swiss firm Timeless Luxury Group, that specializes in luxury holiday villas, resorts and lifestyle products, has partnered with AmaZix, one of the world’s leading community management and blockchain advisory firm to introduce a new digital security offering or DSO.
Timeless will run its DSO to US accredited investors by using a US-registered broker dealer, TriPoint Global Equities, along with the help of SEC-registered transfer agent, Vstock Transfer, for the issuance and custody of digital securities. At the moment Timeless has two concept properties in Austria and is aiming to raise around $100M and has further plans to grow using the funds of DSO.
Token Holder Benefits
The DSO will give holders of the token a 40% cut of the profits of the Timeless Hideaways and Timeless Resorts. Additionally, investors will receive 10% of all revenues of the other three divisions of the company – Timeless Yachts, Timeless Selection and a planned global franchise concept. As a bonus, holders of the tokens will also receive a discount of 20% on bookings of Timeless Hideaways or Timeless Resorts.
Michael Gössl, founder and CEO of Timeless said that their business has been successfully demonstrated and proofed through the Austrian concept properties Wilder Kaiser and Zell am See. After carefully analyzing and optimizing them, we are expanding our scope and are developing a strong project pipeline. He added that they have have already identified up to 41 potential new hideaway properties along with a planned resort.
Jonas Karlberg, CEO of AmaZix stated “The business model of Timeless is quite unique as the fundraising model in this case, with a compliant DSO being the vehicle. AmaZix believes in programmable, regulatory-compliant digital securities, and we are very pleased to be associated with one of the first to strike a path in this direction.”