8/18/2023 0 Comments Red swan real estate blockchain![]() Polymath only provides the tokenization technology while Red Swan appraises, markets and sells the deals. By Daniel Phillips 2 min read Property is heading to blockchain. The tokens are ST-20 tokens running on Ethereum, but Red Swan plans to switch over to an Enterprise blockchain platform in the future for increased speed and security, Nwokedi said. News Business Red Swan plans to tokenize 6 billion in prime real estate The firm is currently offering the first 780 million worth of security tokens to its accredited investors. Securities and Exchange Commission, which will allow it to manage assets for accredited investors. ![]() Meanwhile, Nwokedi said Red Swan is in the middle of becoming a registered investment adviser with the U.S. New York City-based Red Swan is holding investors’ funds in escrow and plans to distribute shares in April. The Fluidity and Propellr project was quietly shelved last summer.) The startup was acquired by crypto custodian BitGo earlier this month. (Harbor’s flagship project reportedly crumbled over paperwork issues. “They didn’t really have the real estate background or the expertise to understand how the private real estate market works.” “I think what kind of happened in the past was there were platforms like Harbor, Propellr and Fluidity, which were really tech companies,” Moore said. RedSwan, a startup CRE investment platform, has announced its most recent assignment to tokenize two commercial real estate projects in Puerto Rico (As featured in the New York Times on Feb. Related: Stellar Invests in Security Token Platform Targeting Developing Markets Graeme Moore, head of tokenization at Polymath, believes this project will work where others failed. RedSwan CRE is using blockchain technology to tokenize assets. ![]() Real estate is also a perfect hedge against inflation. Tokenization has struggled to transform the multitrillion-dollar real estate market as institutions hesitate to re-engineer back offices until they see liquidity. Red Swan Finance Real estate Startup Tokenizes 2.2B in Commercial Real Estate Through Polymath Currently, the tokens are only available in pre-sale. Commercial Real Estate Historically, commercial real estate investment has been stable, lucrative and outperforms the stocks and bonds market in the long term. The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. Commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath.Īccording to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline. ![]()
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