Avalanche
EthereumASPD tokens represent indirect equity interests in the St. Regis Aspen Resort, a 179-room luxury hotel at the base of Aspen Mountain. The 2018 offering raised $18M and became the canonical case study in single-asset real estate tokenization; tokens now live on Avalanche with Securitize as transfer agent.
Fractional equity in a five-star Aspen resort, the 2018 landmark deal.
Prism analyst note
ASPD is trophy-asset tokenization: a genuinely irreplaceable luxury property whose token has roughly doubled since issuance, buoyed by Aspen's post-pandemic luxury boom. Liquidity happens in bursts on ATS venues; there is no daily NAV, so price discovery is episodic. Single-asset hospitality concentration: RevPAR, ski seasons, and cap-rate moves drive everything.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
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This listing is based on the issuer's official disclosures. Prism has not independently confirmed it on-chain.
- What was checked
- This listing is based on the issuer's official disclosures. Prism has not independently confirmed these disclosures on-chain.
- Source
- Securitize / tZERO ATS
- Last verified
- Jan 10, 2026
- Custody
- Property held by resort ownership entity
Structure & compliance
- Underlying
- St. Regis Aspen Resort (179-room luxury hotel)
- Legal structure
Documents & disclosures
Frequently asked
Do holders get resort perks?+
Holder benefit programs have existed (stay discounts); the core value is equity exposure to resort performance.