Tag: Genius Assets

The Spanish CNMV issued a warning against Genius Assets in May 2022. At that time, the crypto trading scheme was still operated through a legal entity in Estonia which has since been deleted. The operator of this digital asset marketplace is now Genius Assets LLC. Jurisdiction is not indicated on the website. It is likely to be a Romanian project operated through Dubai. At least the CEO Claudiu Buda is based there. We have added the project to our Red Compliance list.

Tokenization of assets of all classes is currently a trend. Whether Non-Fungible Tokens (NFT) or Security Tokens. Everything is offered. Videos can be seen on TikTok where users have tokenized a simple stone and sold the resulting NFTs for more than $1,000. The real estate sector is also not spared from this tokenization. Estonia's Genius Estates OÜ is offering the sale of real estate tokens through its website as part of a Security Token Offering (STO). The Spanish regulator CNMV has issued a warning against this crypto asset scheme.