Milestone: RealT Has Sold Over $1 million in Tokenized Real Estate on Ethereum

RealT is a real estate tokenization startup that offers a fully compliant platform for tokenizing property ownership in the United States. This week, the company revealed it has reached a new milestone having sold up to $1 million in tokenized real estate via its platform built on the Ethereum blockchain.

The development is notably significant given the declining state of the global economy and perhaps suggests that the investors are silently flocking to digital assets such as tokenized real estate as a way to preserve their wealth during these challenging economic times.

To cut through the lengthy process and administrative requirements associated with the traditional real estate market, RealT’s platform streamlines the who process while at the same time offering sufficient liquidity, which has been an issue for competitors.

Using the platform now, retail investors across the globe, not including the US, have instant access to one of the most lucrative asset classes — real estate.

Meanwhile, arguably being the first to sell $1 million worth of real estate on the blockchain means RealT looks forward to hitting new milestones down the line, as the race to bring every asset to the blockchain continues to heat up globally.

Remy Jacobson, Co-Founder and CEO of RealT told Coinfomania about their latest milestone:

We are very excited to be the first to sell $1 million worth of property on Ethereum. Tokenization creates a reality in which everyone becomes the landlord of the future. With RealT, investors of all kinds can take part in the real estate market on a fully compliant platform that offers all the advantages of the traditional real estate market.

In a similar development, we reported earlier this month that the Luxembourg Stock Exchange adopted the Ethereum blockchain for building a platform to help fund managers distribute funds efficiently.

NordFX