tokenization and security tokens they are gaining more and more importance lately, and the most benefits seem to bring on the market real estate, which in most cases has a value greater than many investments. The use of technology blockchain in the real estate sector can bring numerous benefits.
Harbor and Convexity partnership
Digitalization of the real estate market has hitherto been the largest in the US state of New York, however, all indications are that this coverage will soon expand due to the cooperation between platforms Harbour and convexity.
Harbour is an American company that provides support to other companies and projects that are heading towards tokenization. Her main offer is the introduction of tokens. While convexity is an investment company whose subject is real estate.
The Harbor platform, by providing its potential, will enable Convexity to introduce a sale offer of security tokens, constituting fractional ownership luxury a housing estate belonging to Convexity. The investment is named The Hun at Columbia, and is located in close proximity to the University of South Carolina.
Ultimately, the offer will include 955 tokens, and each of them is to represent individual participation in a housing complex. The price of a single share will be 21 thous. USD, which gives the whole venture a value close to 20 million USD.
This offer seems attractive and interesting for many reasons. First of all, thanks to the use of secondary markets, the shares will be sold in a very short time, as a result of which transactions will be quick and smooth. It is also worth emphasizing that tokens they fall into the category of securities, and therefore are subject to specific legal regulations. Their holders should therefore have access to financial statements to ensure the highest possible transaction transparency. Due to legal regulations, the sale of the assets in question will be limited only to accredited investors.
Although Convexity was the first to notice the potential in student housing, it certainly is not the first company aiming at digitizing real estate. Effective actions in this field have already been undertaken by Realcoin, Atlant and Property Coin.