Crypto And Faith Collide: Colorado Pastor Securitizes Church With Tokenization
Summary
A church in Colorado, led by Pastor Blake Bush, is using blockchain and crypto to raise $2.5 million through a digital asset called "Stone Coin" to secure ownership of its historic chapel, the Old Stone Church. The coin is pegged to a real estate token and runs on the Polymath private blockchain. The church aims to involve the community in the investment by selling tokens for $500, with a minimum investment of $1,500. Pastor Bush also envisions a foundation to help other communities tokenize their historic buildings. This approach could potentially address financial challenges faced by many churches.
