Unique Real Estate Investment Portfolios that leverage Digital Securities Efficiency to create high ROI and liquidity for investors

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A Digital Securities Offering (DSO) backed by income-producing Real Estate Properties

Qualified purchasers are presented with a unique opportunity to own a fractional stake in a carefully curated portfolio of income-producing properties located at La Estancia Golf Resort (La Romana, The Dominican Republic).


La Estancia Digital Security Token (LAEST) is backed by shares in La Estancia Holdings, LTD. that control the equity portfolio of properties. Token holders are entitled to applicable commercial rental dividends (net 8% p.a. paid monthly), projected 12.1% annual Cash on Cash return, targeted +33% IRR at 3 years, and potential profits resulting from the underlying real estate assets in the event of a sale.

*Only purchasers from jurisdictions identified in the La Estancia Holdings, LTD. DSO Private Placement Memorandum (PPM) will be considered.

We have invested over $100 million dollars in the Dominican Republic and have built a strong 12-year relationship with the government in the process. We are accelerating our infrastructure and lodging development in the La Estancia Golf Resort to take advantage of its unique commercial combination of filming locations, luxury accommodation, strong tourism, and proximity to international airports among other facilities.
— Armando Cignarale, CEO of La Estancia Holdings.

A Unique Investment Opportunity

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Real Estate is a flourishing market in the Dominican Republic. With direct foreign investment of over USD $3.5 billion in 2017 and the #1 tourist economy in the Caribbean, the real estate market continues to experience unprecedented growth.


Cignal Corp is a leading US developer with over $3.5 billion in realized projects, and long standing relationships with the Dominican Republic’s government, businesses and citizens.


Leveraging blockchain technology, digital security tokens offer a new, safe and efficient way for all investors to participate in the highest performing asset class.

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From 2009 to 2017, The Dominican Republic has undergone out-performing growth and leads the Caribbean Nations in GDP

Source: United Nations ECLAC 2018 Economic Survey of Latin America and the Caribbean (data in US$ millions)


2017 Direct Foreign Investment (USD $billions)

Source: United Nations ECLAC 2018 Economic Survey of Latin America and the Caribbean


  • +8% annual dividends paid monthly

  • Projected 12.1% p.a. Cash on Cash Return

  • Targeted +33% IRR at 3 years

  • Completed development

  • Unrestricted peer to peer transfers (outside USA)

  • Equity investment including digital securities option without penalty

  • Under long-term commercial lease

  • Number 1 Caribbean Economy

  • +35 year vested management team

  • Highly stable political environment


Blockchain technology is improving the Real Estate industry!

Digital assets are entering mainstream investing and offering more options to global investors in a safe, compliant, and efficient way.

Access to new investments

Access to new investments

Liquidity in illiquid assets

Liquidity in illiquid assets



Less intermediaries

Less intermediaries

Strong KYC-AML compliance

Strong KYC-AML compliance

Digital assets backed by real estate assets

Digital assets backed by real estate assets

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Armando Cignarale - CEO, La Estancia Holdings, Ltd. and Principal, Cignal Corp

Armando began his business career in 1982 as a founder of Cignal Corp (www.cignalcorp.com).  Cignal Corp has developed some of the most exciting and successful projects in the Maryland, USA market with a focus on Baltimore’s famous inner harbor. His success in the office and planned community developments space, has lead to Armando pursuing his passion for golf through projects like the 1,000 acre La Estancia Golf Course development in The Dominican Republic, where he collaborated directly with Mr. Dye and Mr. O’Connor throughout the process, resulting in a highly successful “five star” trophy luxury golf resort located in the number one Caribbean tourist destination.

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Luis A. Olivares - General Manager, la Estancia Holdings, Ltd. and CEO, La Estancia Golf Resort

Luis is a business entrepreneur with more than 30 years’ experience implementing new business plans and financial strategies to grow companies in the commodities sector. Born and raised in Venezuela with a degree in business administration from Boston College, Luis has multi-cultural knowledge from his diversity in investments around the world. Luis developed “La Estancia” located in the Dominican Republic with financial and marketing strategies that have achieved the goal of the five-star golf and luxury housing development being the #1 resort on the entire island in less than 12 months.

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Pedro Dajer – Project Manager, La Estancia Holdings, Ltd. and CEO, Grupo Actis

Pedro was born in Santo Domingo, Dominican Republic, studied Business Administration in the Dominican Republic, Specialization in Production Process in Italy and has a Master's Degree in Public Management from the Ortega y Gasset University Institute of Spain. He has served in two public positions, the Deputy Minister of Tourism and the Deputy Minister of Education, Presidio Foundation for Integral Development of the Society. He was also Executive Director of the Association for Tourism Development, and became General Director of La Estancia Golf Resort.

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Joseph V. Maranto - CFO, La Estancia Holdings, Ltd. and Cignal Corp

Joseph manages thousands of acres and millions of square feet of properties internationally, and is a key member of the team in negotiating hundreds of millions of dollars in property development, leasing and contracts. Joseph’s expertise and experience comes from over a decade working for the Baltimore County Department of Permits & Development Management and as Chairman of the County Review Board. He attended Mt. St. Mary’s College and Towson University in Maryland to earn a Bachelor of Science in Geography & Environmental Planning in addition to a Master’s Degree.


Lorenzo Delzoppo - Compliance Officer, La Estancia Holdings

A NY attorney with twenty years of regulatory compliance, risk management, and legal experience; Lorenzo began his career in the regulatory field with MSBs operating nationally and internationally. He spent 10 years as CCO of a bank where, in addition to permanent internal control functions, his accountabilities included strategy development, regulator relations, external auditors and counsels’ coordination, as well as direct oversight of the Financial Crime area.


C.J. Ilardo - Principal, Cignal Corp and COO, La Estancia Holdings. Ltd.

 C.J. has over 12 years in the real estate development industry, including the past 8 years as a Principal at Cignal Corp, one of Maryland’s predominant real estate development firms. He oversees the acquisition, financing, development, leasing and sales for Cignal Corp’s projects and has successfully developed over 15,000,000 sf of office, residential, retail and mixed-use real estate projects.

C.J. Sat on the Board of Directors of Regal Bank & Trust, obtained his FDIC license and Graduated from Dickinson College.

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Laurent F. Chemla - SVP of Blockchain and Capital Formation Strategy

Laurent is a serial entrepreneur with more than 22 years of experience building and managing successful companies. Laurent also co-leads the Rights Blockchain, a non-for-profit Blockchain initiative that provides a source infrastructure enabling a universal rights registry for the TV & Film industry.

Laurent has also been a speaker at MIPCOM, the Security Token Academy, the TV of Tomorrow, Online Advertising & Jupiter events and at the Cannes Cyber Lions.


Allan Wright - Head of Marketing

Allan is a creative marketing leader whose strategic insight and B2B2C market understanding has helped global brands define their voice and positioning for over 20 years. Having experienced both agency-side and client-side, and on an international scale, Allan continues to be at the forefront of leadership, marketing, brand activation, business strategy, and technology.

A well-established social marketer with over 30 million personal digital impressions, Allan brings a wealth of knowledge and experience to the team.



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