Connect with us

Hi, what are you looking for?

Cryptocurrency

Tokenization May Make Real Estate Investment Easier

Tokenization in real estate could make significant progress over the next five years, according to the Moore Intelligence report.

Tokenization in real estate is an “inevitable next chapter in blockchain’s disruption of capital markets,” and could make major progress in the next five years, according to a report published by Moore Intelligence on Wednesday.

  • The emergence of new secondary markets for digital property assets might mean more liquidity, efficiency and lower costs for investors, the report noted.
  • “Tokenization has potential to drive down transactional costs and improve efficiency via the use of ‘smart contracts’ which can replace copious paperwork and laborious administration,” according to the report.
  • Institutional investors still largely remain on the sidelines waiting for more regulatory clarity, the report said. 
  • Moore Global is the parent company of Moore Cayman, an auditing firm that published attestation reports for Tether, issuer of the largest stablecoin USDT (0%).
  • “From an audit perspective, adding digital assets to a portfolio can be advantageous as blockchain technology can make transactions more transparent and trackable,” David Walker, managing partner of Moore Cayman wrote in the report. 
  • “Tokenization has potential to drive down transactional costs and improve efficiency via the use of ‘smart contracts’ which can replace copious paperwork and laborious administration,” according to the report. 
  • Texas-based commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath, while it has another $4 billion in properties in the tokenization pipeline, CoinDesk reported in February. 

coindesk

Featured

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...