Token Communities is a small real estate development company focused on luxury waterfront homes in southwest Florida. The company acquired ASC Global in May 2024 from its own CEO in exchange for a $5M promissory note, gaining a portfolio of over 20 properties in various stages of development, primarily in the Greater Sarasota area and Charlotte County. Token Communities targets gulf-access and sailboat-access waterfront homesites, which it views as the most desirable locations in the Florida market. The company generates revenue by developing and selling completed or partially completed homes, with results driven by the number of homes sold, sale prices, and construction costs. Token Communities operates with a minimal internal team of two full-time employees, relying on outside contractors, architects, and engineers for construction. The company also has early-stage plans for a large mixed-use development called the APOZ project — a roughly 500-acre development in Chambers County, Texas, intended to function as both a Foreign Trade Zone and a Qualified Opportunity Zone business park. The APOZ project is highly speculative: the land has not been acquired, no capital-raising plans are in place, and work to date is limited to preliminary studies. Prior to the ASC Global acquisition, Token Communities operated across several unrelated businesses, including blockchain consulting, a cryptocurrency exchange, and health and wellness products.