8/14/2023 0 Comments Red swan real estate blockchain![]() ![]() The purchase was made in exchange for $135 million worth of its BrickMark tokens. 15, blockchain real estate company BrickMark purchased an 80% stake 1,600-square-metre commercial office located in the central business district of Zurich in Switzerland. ![]() The company’s FLYT token will be used to redeem shares in the Flyt hospitality Fund - a South African-registered fund that invests in hospitality property and apartment-hotels. 8, African tokenization platform Flyt announced plans to conduct the continent’s first security token offering (STO) for real estate. Tokenization of real estate has seen a strong start to 2020. Red Swan believes that the tokenization of real estate will allow capital to circulate faster and more freely within the property market, unlocking equity that would otherwise be unable to circulate for long periods of time. The token sale will target investors seeking to deploy between $500,000 and $10 million - who lack the capital to purchase top level ‘Class A’ commercial real estate in traditional markets, and have been forced to consider lower-grade, riskier investment opportunities. Token sale to target investors with $500K to $10 million Tokens worth $780 million will be sold in a pre-sale to accredited investors in what is believed to comprise the world’s largest sale of tokenized real estate to date. The issued tokens represent 16 top-tier properties including mid-rise and high-rise apartments in California, New York, and Texas, and a 150-acre hemp farm in Canada’s Ontario province. Red Swan will profit by keeping a percentage of the equity sold. It provides title companies, municipalities, and custom clients with a clean record of ownership through the blockchain. ![]() The partnership allowed the firm to tokenize 2.2 billion in properties across the US. This week, the firm announced a new partnership with the popular tokenization platform, Polymath. Red Swan said it has 30,000 accredited investors already registered to use its platform, and has plans to tokenize a further $4 billion in property over the longer term. Ubitquity LLC has offered a Blockchain-as-a-Service (BaaS) platform since September 2018 for users to securely record and track property. The New York City-based commercial real estate firm, Red Swan just raised the ante in the race to integrate tokenization into the market. Texas-based Commercial Real Estate (CRE) marketplace Red Swan has tokenized $2.2 billion worth of real estate assets in partnership with security tokenization firm Polymath. Real estate marketplace Red Swan has partnered with security token firm Polymath to tokenize $2.2 billion in assets including apartments and a hemp farm. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |