Harbor’s mega dorm security token deal has been scrapped

A giant milestone for the tokenization revolution, almost too good to be true. And it was; Harbor’s token sale of a $20 million mega-dorm has fallen through.The post Harbor's mega dorm security token deal has been scrapped appeared first on The Block.·The Block

A giant milestone for the tokenization revolution, almost too good to be true. And it was; Harbor’s token sale of a $20 million mega-dorm has fallen through.

A Harbor spokesperson confirmed with The Block that the deal with the Hub at Columbia was called off. The proposed sale, announced in November 2018, was lauded by both the media and its investors — including heavyweights like Andreessen Horowitz and Pantera — as a beacon of hope for the future of security tokens.

Bidders were told they could buy a small slice of the giant “mega-dorm,” which houses students at the University of South Carolina.

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