Connect with us

Real Estate

Realecoin – The First Real Estate Fund built on the ETH Blockchain

mm

Updated

 on

Who is Realecoin?

Realecoin is a real estate fund built upon the Ethereum blockchain.  They are young company looking to capitalize on what blockchain technology can offer them.  Under the guidance of an experienced team, they look to establish themselves as a force in the industry – beginning in New York.

What is the problem?

At any given time, there is a plethora of housing complexes that are in dire need of redevelopment.  Furthermore, there are countless property owners that are unable to cover mortgage costs.  In either situation, an influx of capital is needed to remedy the situation.

Unfortunately, capital is not always easy to come by.  Projects such as housing complexes that need development are typically long term.  They do not provide investors with liquidity on their contribution, and are typically limited to investors residing within the country’s borders.

How will they solve it?

Realecoin recognizes that blockchain holds the answer to each of the issues noted above.  With the help of Securitize, Realecoin is launching their very own security token – RC.

RC takes form as an ERC-20 token, and represents a 1:1 share in a redevelopment fund.  The process is simple

  1. Realecoin sells security tokens for their fund
  2. Realecoin invests the money raised from this sale into high-potential income producing properties for redevelopment.  Investment into distressed debt is also considered.
  3. Token holders receive dividends from income producing properties, while RC value increases alongside the equity built from the fund
    • Token holders also receive their share of property sales within the portfolio.
  4. Investors can trade/sell their tokens/shares via secondary markets at any time.

By utilizing this form of fractionalized ownership, Realecoin is able to attain large amounts of capital while remaining efficient.  Furthermore, through listings on platforms, such as Securitize, the token is able to be traded effortlessly.  This means that investors can experience high-levels of liquidity.  Something not feasible in the past.

Team?

Ruben Azrak – Cofounder

Ruben has amassed a real estate portfolio worth over $200 million since the 1970’s.  In addition, he successfully cofounded and sold Phat Farm for $140 million in the early 2000’s.

Andy Strott – Cofounder

Andy Strott has a vast amount of experience as an executive with companies such as Alliance Bernstein, MFS Investment Management, and BlackRock.

Speaking on their partnership with Realecoin and the team behind the project Securitize CEO, Carlo Domingo stated, “Realecoin offers a unique investment opportunity through the tokenization of real estate assets, usually considered to be a very illiquid asset…The management team’s lengthy track record, alongside their commitment to regulatory compliance makes this an exciting venture for Securitize.”

Whats next?

The next major step for this fund is the actual procurement of properties.  As indicated on their website, Realecoin has already decided where this property is.

162-164 East 82nd Street, New York, New York.

This property is the first of many to come as Realecoin looks to build equity, and meet their projected returns of a 6-8% annual dividend.

To learn details about the project, please view our Realecoin Token Listing page.

*Realecoin has since re-branded as Resolute.Fund.  Company operations and goals remain the same, with the only change being in name*

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Newsletter Subscription

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.