Historic Church Launches Crypto Fundraiser to Buy Building
Fort Collins' Old Stone Church, the city's oldest place of worship, is venturing into cryptocurrency with a new fundraising initiative.
Led by Pastor Blake Bush, the church aims to become the first tokenized church in the U.S., setting a fundraising target of $2.5 million.
This effort isn’t about spiritual salvation but rather raising funds to purchase the historic 19th-century chapel, which has long served as a community spiritual center.
Pastor Bush became interested in cryptocurrency in 2022 after learning about XRP, and he was soon inspired to tokenize the Old Stone Church. He felt a divine prompt to “tokenize the building.”
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Tyler Vinson, founder of REtokens, is collaborating on this project. Although REtokens faced criticism for a previous high-cost stock offering, Vinson is optimistic about this venture. In May 2024, RETokens and Swiss blockchain firm Polymesh announced a plan to tokenize $30 million in real estate, including the Old Stone Church.
The initial phase of this project is aimed at accredited investors, with a minimum investment of $50,000 to raise the $2.5 million needed to acquire the 11,457-square-foot building. The church’s current owner, Warren Yoder, bought the property for $2.2 million in 2022 and is one of Pastor Bush’s parishioners.
Tokens will eventually be available to non-accredited investors from the church’s congregation at $500 each, with a minimum investment of $1,500. These tokens are expected to trade continuously or until a majority decision is made to sell.
Local figures, including Severance, Colorado’s mayor, are already involved in overseeing the project.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
