Real estate is one of the largest alternative asset clas ses, with 3.1 trillion in assets under management.
We are disrupting the real estate landscape & making it easy for anyone to invest on a global. Commercial real estate marketplace RedSwan has tokenized 2.2 billion worth of property using Polymath technology, demonstrating the industry potential in digitizing assets on the blockchain.
This allows building owners to sell fractional ownership of their properties," said Red Swan on its website. RedSwan CRE is using blockchain technology to tokenize assets. Founded in April 2018, RedSwan CRE is a blockchain-based marketplace that leverages tokenization technology to fractionalize ownership of commercial real estate. "Red Swan through tokenization makes it possible to invest in commercial real estate projects that are out of reach for private investors. These tokens will be offered to the more than 30,000 accredited investors in the Red Swan network, each of whom has between $500,000 and $10 million in capital, but can't afford to outright purchase their own piece of quality real estate. These tokens are backed by a $1 billion insurance plan provided by Prime Trust-the cryptocurrency custodian tasked with securing the assets.Īlthough Red Swan's $780 million pre-sale is already the world's largest tokenized real estate sale, the firm has plans to tokenize a further $4 billion in assets as part of its longer-term pipeline. On the other hand, investors will receive ST-20 tokens (a type of digital security) that represent their shared ownership of the underlying property. At some point, Red Swan hopes to make the switch to an enterprise blockchain platform, to benefit from increased speed and security.įor its role in the sale, Red Swan takes a percentage of any equity that is issued. Shares in these properties will be offered to investors as part of an initial $780 million pre-sale and are currently issued as ST-20 tokens on the Ethereum blockchain. Founded in April 2018, RedSwan CRE is a blockchain-based marketplace that leverages tokenization technology to fractionalize ownership of commercial real estate, making investments more affordable. These properties are spread throughout several US states, including Texas, New York, and California in addition to Ontario, Canada. 2.2 million worth of real estate assets in partnership with a security tokenization firm and. RedSwan CRE Marketplace January 17, 2020 Blockchain forayed into the world through cryptocurrencies.
This is how we unlock CRE liquidity through tokenization /geI4HAf4h4 Ubitquity LLC has offered a Blockchain-as-a-Service (BaaS) platform since September 2018 for users to securely record and track property.
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