to holders of digital tokens or real estate-backed initial coin offering (ICO). Meanwhile, the regulations have not yet extended to such fund raising method and a smart contract has not yet covered

The SEC has amended the real estate-backed ICO regulations to be more comparable to the regulations governing real estate investment trusts (REIT) because both real estate-backed ICO and REIT share

Real estate-backed ICO is in the form of fundraising and benefit generation similar to REIT. However, the regulations governing real estate-backed ICO with regard to investor protection mechanism

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 08/12/2017 | Close Selling Date : 19/12/2017

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 13/11/2017 | Close Selling Date : 28/11/2017

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 27/08/2019 | Close Selling Date : 23/09/2019

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 21/02/2020 | Close Selling Date : 17/08/2020

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 08/10/2020 | Close Selling Date : 13/11/2020

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 10/08/2022 | Close Selling Date : 01/09/2022

Type of securities : Real Estate Investment Trust (REIT) | Effective Date : 31/10/2016 | Close Selling Date : 18/11/2016