Black Manta Capital and German real estate company Tigris Immobilien launched the Berlin Real Estate Securities Token, valued at more than US $ 12 million. The total area of the property is about 2,000 square meters, including 40 to 60 square meters of independent apartments. It is expected to be completed by 2022 and will be sold to investors and occupants. Users who purchase real estate securities tokens can obtain a 20% share of the sales profit, with a starting investment of 500 euros (about 550 US dollars), and a maximum investment of 2 million euros (about 2.2 million US dollars). Compared with traditional real estate investment, “the purchase, transfer and transaction costs of real estate security tokens are lower and no notarization is required.” The real estate security tokens are subject to the supervision of the German regulatory agency BaFin and are applicable to German capital market regulations, so they are limited to Germany And investors in Austria, however, Black Manta said the company is developing a series of other asset class products that apply to EU-wide regulations, including startup securities, small and medium-sized enterprises and funds.