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SAN SALVADOR/LONDON - Valereum Plc (AQSE:VLRM) announced Monday that COINGT, a tokenization project representing Guatemala’s Interoceanic Corridor, will be listed on VLRM Markets, the company’s regulated tokenization venue.
The COINGT project aims to finance the legal regularization and unification of 3,470 land plots across Guatemala to form a 372 km corridor connecting the Atlantic and Pacific Oceans. The initiative, developed by Grupo Odepal de El Salvador, will create a logistics route parallel to the Panama Canal.
The initial public issuance on VLRM Markets targets $325 million, with a first tranche of $38.52 million. The tokens will represent ownership rights to economic interests in Grupo Odepal shares, secured by a 7.6612% stake in the Interoceanic Corridor.
"The COINGT listing on VLRM Markets shows the calibre of issuers choosing to tokenise with us," said Gary Cottle, Group CEO of Valereum Plc, in a press release statement.
Guillermo Catalan, President of the Guatemalan Interoceanic Corridor Project, described COINGT as "the first tokenised infrastructure project regulated under El Salvador’s Digital Asset Issuance Law."
The corridor project plans to support development of ports, railways, highways, pipelines, power and data infrastructure, and free trade zones. By listing on VLRM Markets, COINGT will utilize a regulated tokenization infrastructure to offer investors access to this real-world asset opportunity.
The project represents a collaboration between Valereum’s real-world asset tokenization capabilities and El Salvador’s digital asset regulatory framework.
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