REtokens, a company focused on revolutionizing real estate investment by providing liquidity and expanding access to a global investor base, has announced the tokenization of $30 million worth of real estate assets using Polymesh.
This initiative marks the first set of real estate projects available on the REtokens platform for accredited investors, offering a new avenue to invest in commercial real estate.
Polymesh, an institutional-grade permissioned blockchain designed specifically for regulated assets, including real estate, addresses issues related to governance, identity, compliance, confidentiality, and settlement. This blockchain streamlines traditional processes and facilitates the creation of new financial instruments.
REtokens’ approach allows for the fractionalization of real estate ownership into digital shares, enhancing investment accessibility and enabling faster, more transparent transactions. Tokenization also allows assets to be traded on secondary marketplaces, increasing liquidity and simplifying entry and exit for investors. This advancement in real estate tokenization not only maximizes asset value but also prepares assets for future growth in a digitized economy.
REtokens selected Polymesh due to its robust features and tailored design. The blockchain’s configuration capabilities simplify the tokenization process, removing the need for third-party smart contracts. As a public permissioned blockchain, Polymesh operates with regulated node operators and includes a settlement engine that mitigates counterparty risk, ensures compliance, and restricts participation by sanctioned parties.
The current tokenized real estate assets include an apartment building, a townhouse project, and a multi-family fund, all located in the USA. This diverse portfolio highlights the platform’s flexibility and potential.
“REtokens is pioneering the future of real estate investment for both asset owners and investors,” said Tyler Vinson, CEO and Founder of REtokens. “Polymesh provides the secure and reliable infrastructure needed to make this vision a reality.”
“We are excited to collaborate with REtokens in bringing tokenized real estate to the market,” said Graeme Moore, Head of Tokenization at the Polymesh Association. “This partnership is the beginning of a promising journey, and we look forward to seeing REtokens’ asset list grow and succeed.”
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By Proptechbuzz
By Ravi Kumar
