The city of Vladivostok, the Russian “cryptocurrency capital” and Relex’s business expansion center in Russia.

Relex Development is finalizing details for a $3 million deal with a wood processing factory, representing a 50 percent stake in the company. The offering is slated to appear on Relex’s upcoming platform.

The processing facility is relocating from Nakhodka to the Vladivostok area. The factory processes wood to create panels and roof trusses for Canadian-style homes.

By establishing equity in this corporation, OOO Vostok Projects also creates a direct line for housing parts that incrementally reduces the expenses required to build an elite residential village.

This example of how Relex and its subsidiaries involves itself in multiple levels of the supply chain is indicative of the thorough planning and long term vision that the team at Relex bring to their projects.

The relocation of the processing factory will also upgrade its facilities with new equipment from the German company Weinmann.

The house kit output capacity per factory shift of the factory will climb to 300 per year.

This newest addition to the offerings in Vladivostok highlights Relex’s intent to develop a thriving business in the Eastern leisure city. It also makes a stronger case for Relex’s whitelisting as a nationally approved cryptocurrency in Russia, for which it has applied to be a member of the fintech sandbox program.