In a strategic partnership, Reltime, a leader in Web3 and blockchain technology, has joined forces with Norwegian Holding Limited’s ISON project to launch a €150 million real estate tokenization initiative. This venture will allow investors worldwide to access high-value Norwegian real estate by purchasing digital tokens, starting with the Oslofjord Project.
Tokenization Enables Digital Ownership of Real Estate
Through Reltime’s Real-World Asset (RWA) Tokenization Platform, investors can purchase tokens representing shares in significant properties across Norway. This tokenization process simplifies property investment by reducing traditional entry barriers, allowing investors to buy, sell, and manage fractional property shares via blockchain technology. This digital approach aims to enhance transparency, security, and flexibility in real estate transactions.
Phased Investment: From Construction to Ownership
The project uniquely allows token holders to participate from the construction phase, offering early access to potential value. Upon completion, investors have options to buy, sell, or hold their property shares, aligning their strategies with personal financial goals. This two-phase structure introduces a flexible model to the real estate market.
Key Advantages of the Tokenized Real Estate Platform
Bringing Web3 Innovation to Real Estate
This collaboration marks a step toward globalizing real estate investment through Web3 technology. With over 30 properties in the Oslo Fjord area, this initiative plans to tokenize and offer frictionless ownership of premium real estate globally.
Marlene Julo, CEO of Reltime, commented, “This partnership represents a new era for real estate investment, allowing people from all walks of life to participate in property ownership in ways never before possible. Our Real-World Asset platform will unlock unparalleled access to the lucrative Oslo Fjord property market, democratizing real estate investment on a global scale.”
Jay Smitten, Vice President Marketing, echoed this vision, focusing on the company’s dedication to sustainable and premium developments across the globe. “We’re excited to adopt tokenization as a means of making property ownership more accessible and liquid, which enhances the appeal and reach of our high-value properties; with the initial project valued at over $150 million, this collaboration marks a significant step in making premium assets more attainable and flexible for investors worldwide. Both companies are optimistic about the potential for tokenized asset expansion into other prime locations, setting the stage for a truly global platform for real-world asset ownership.”
Future Vision for Global Real Estate Investment
With Reltime’s blockchain platform already benefiting over 3 million users, this collaboration aims to establish a global marketplace where investors can easily access prime real estate. Reltime’s platform, soon available, integrates the latest in Web3, AI, and blockchain technology to provide global real estate market access.
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By Proptechbuzz
By Ravi Kumar
