Application of technology blockchain is growing in the real estate market. Recently, another project in this area has been announced, and this time the Chinese platform will be its implementer UPRETS. The company is going to give up tokenizacji luxury apartments in New York.
Luxury apartments in New York tokenized
Chinese platform UPRETS announced that it intends to tokenize New York-owned condominiums owned by the XIN Group.
The project is to be implemented in cooperation with the blockchain platform Xinyuan Real Estate, and according to the assumption, it will allow investors to participate in packages Oosten Propety XIN.
The flats, which are the subject of the entire undertaking, are luxurious and highly modern apartments. Their sky-high price makes them available only to selected customer groups.
Tokenization of New York apartment buildings will be carried out on the UPRETS blockchain, providing users with a high level of functionality.
It also has great flexibility. Maybe because communicate with other block chains, thus improving the payment system.
Tokenization opens the real estate market for new investors
The described case perfectly shows how tokenization opens up opportunities for investing in real estate for a wide group of investors.
It not only provides a smaller amount of formalities, but also allows you to make macroinvestments in order to properly diversify the block of shares.
UPRETS assumes that it is single token will represent a share of $ 1 in real estate.
Such a low entry level will make the real estate market available to a wide range of investors, while ensuring liquidity, especially in the need of local markets.
Real estate tokenization is becoming a more and more commonly used solution, and this is due to the benefits it offers.
First of all, thanks to it, local real estate is more popular among international investors, and the entire sales process is significantly improved.
Most importantly, thanks to tokenization, almost anyone can invest in real estate, because the amount financed is radically lower than in the case of traditional real estate.
Also check: Atlant (ATL) - real estate tokenization