REtokens Contracts to Tokenize $30 Million in Real Estate Assets Via Polymesh
2024年5月22日 - 11:00PM
ビジネスワイヤ(英語)
Delivering Enhanced Liquidity and a Wider
Pool of Investors to the Real Estate Market
REtokens, the company tokenizing real estate assets to transform
traditional property investment by unlocking liquidity and
broadening access to a global pool of investors, today announced
that it has contracted and is in the process of tokenizing $30M USD
in real estate assets via Polymesh.
These are the first real estate ownership projects on the
REtokens website that accredited buyers can invest in, providing a
new opportunity for investors to gain exposure to commercial real
estate.
Polymesh is an institutional–grade permissioned blockchain built
specifically for regulated assets, including real estate. It
streamlines antiquated processes and opens the door to new
financial instruments by solving challenges around governance,
identity, compliance, confidentiality, and settlement.
REtokens’ innovative approach to real estate investment enables
asset owners and syndicators to fractionalize ownership into
digital shares, increasing investment accessibility and
facilitating faster, more transparent transactions. Tokenization
also paves the way for more assets to be traded on secondary
marketplaces, enhancing liquidity for investors and enabling easier
entry and exit. As the real estate market evolves, embracing
tokenization not only maximizes asset value but also positions
assets to capitalize on future growth opportunities in a digitized
economy.
In searching for a blockchain, REtokens chose Polymesh due to
its features and specificity. Tokens can be configured at the
blockchain layer, simplifying the tokenization process and
eliminating the need to integrate third-party smart contracts.
Additionally, Polymesh is a public permissioned blockchain, with
regulated node operators and a settlement engine that reduces
counterparty risk, facilitates better compliance, and prevents
participation of restricted or sanctioned parties.
The current real estate assets that are being tokenized include
an apartment building, a townhouse project, and a multi-family
fund. These assets are all located in the USA. This diverse array
of real estate showcases the versatility and enormous potential of
the platform.
“REtokens represents the future of real estate investment both
for asset owners and investors,” said Tyler Vinson, CEO and Founder
of REtokens. “Polymesh is the perfect layer one blockchain to
ensure we’re bringing this to the public safely and securely.”
“We are proud to work with REtokens to bring tokenized real
estate to the world,” said Graeme Moore, Head of Tokenization at
the Polymesh Association. “This is just the beginning of our
exciting relationship and we look forward to REtokens’ growing
asset list and continued success.”
WHY REAL ESTATE TOKENIZATION?
Real estate tokenization streamlines property transactions by
using blockchain to digitize assets and fractionalize ownership,
significantly reducing costs, speeding up processes, and
simplifying the experience for all parties involved. This
innovative approach not only enhances liquidity and investment
diversification but also marks a paradigm shift towards more
accessible and efficient finance and investment in the real estate
sector.
Tokenization transforms the traditional real estate landscape by
allowing seamless buying and selling of properties through tokens,
ensuring transactions are secure and transparent. As we embrace
rapid technological advancements, real estate tokenization is set
to revolutionize the industry by making investment opportunities
more accessible and democratizing the process, propelling the
industry into a dynamic future.
About Polymesh Association
The Polymesh Association is a not-for-profit dedicated to the
growth of the Polymesh ecosystem through Polymesh and Polymesh
Private. Polymesh is a leading public permissioned blockchain
purpose-built for real world assets that streamlines capital
markets and opens the door to new financial products. Polymesh
Private is a private permissioned instance of Polymesh that can be
deployed by enterprises.
Visit polymesh.network to learn more
Contact at Polymesh Association: Graeme Moore -
graeme@polymesh.network
About REtokens
REtokens is a full-service real estate tokenization and digital
strategy company. In Q1 2024, REtokens launched its proprietary
software platform, guiding real estate sponsors from strategic
planning and asset tokenization to liquidity pathways for sponsors
and investors. With decades of real estate investment experience,
REtokens offers a user experience tailored to real estate
investors, addressing the limitations of traditional real estate
liquidity.
Visit REtokens.com to learn more
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240522729930/en/
Polymesh Association: Graeme Moore -
graeme@polymesh.network