Colorado Church Transforms Chapel Into Digital Asset

A group of Colorado churches tokenized a $2.5 million chapel, creating a digital asset called “Stone Coin” to purchase the building, combining faith and blockchain.

This may be the world's first tokenized church

A network of interconnected church groups called the Colorado House of Prayer has decided to tokenize its main chapel in order to purchase a $2.5 million building. The pastor leading the project, Blake Bush, claims he was inspired by a higher power to use blockchain technology as a tool to advance the group’s mission.

Building Tokenization

According to a report in Forbes, Bush's congregation and other church groups leased the building from its owner, a local businessman who also owns a car dealership. The 11,457-square-foot building, known as the “Old Stone Church” for its stone facade, was purchased by its current owner in 2022 for $2.2 million. Bush and the Colorado House of Prayer group are reportedly looking to buy the building for $2.5 million.

Bush says the idea of ​​tokenizing the building—turning it into a digital asset on the blockchain that could be divided into shares—came to him after a spiritual experience.

““I heard the voice of the Lord: 'Tokenize the building,'” Bush said. in an interview with Forbes, adding that he had been praying about it for years and God told him, “Come and take my house.”

Blockchain and Real Estate

To fulfill their holy mission, Bush and his team created the “Stone Coin” — a digital asset used to raise funds to purchase the Old Stone Church. The coin is tied to a real estate token created by REtokens and running on the private Polymesh blockchain. As with any tokenization project, success will depend on the amount of positive token movement and market adoption. The project is reportedly seeking investors, having raised about half of its goal so far.

In the future, the token’s board, which includes Bush, other religious leaders, and the mayor of a nearby town, plans to open up token sales to non-churchgoers. While this could potentially expose the digital asset to outsiders, Bush isn’t particularly worried about it.

When asked to imagine a situation in which, for example, Satanists might purchase church tokens, Bush humorously replied that he would appreciate it: “Let's introduce you to Jesus.”

Author's opinion: America, as always, is ahead of the rest of the planet – beads and panties in exchange for resources. In this case, it is real estate, for which some parishioner-investors (we have no idea who these people are) have already bought 50% of the lot. Perhaps this church will go to the parishioners, or perhaps some dark capital will launder dirty money.

To explain in simple terms for those who are not in the know: someone valued the building at $2.5 million, created a certain number of digital coins. Now they are traded on specialized platforms. Then everything depends on market fluctuations: the price of the coin either rises or falls.

However, there is a nuance – there are always players on the market who can deliberately lower the price and buy up the coins cheaply. As a result, the church may find itself in a situation where the building it was laying claim to becomes the property of someone else (for example, Satan, which is what the journalist is hinting at).

Remember the scene from the movie?

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