MountX Real Estate Capital will be utilizing the Vertalo Real Estate (VRE) platform to tokenize 15 properties over the coming year. Founded in 2019, MountX Real Estate Capital is headquartered in Mexico City. This young company offers Latin investors the ability to invest in a variety of Canadian real estate opportunities.
Real estate tokenization continues to be one of the dominant industries in the digital security space. Real estate is perceived as a relatively easy and safe asset class to tokenize. This is exactly the sentiment MountX is offering to its investors, facilitating the ability for Mexicans to invest in ‘safe' real estate market of Canada.
Foreign Real Estate
MountX licensing the VRE platform from Vertalo, represents a unique opportunity due to the cross-border nature of the deal. MountX is a gateway to ‘safe' Canadian investment opportunities, that under normal circumstances, many would not have had access to.
MountX is involved in multiple cross-border investment opportunities, with three currently active on its site. This makes it a company that is aware of the complexities surrounding foreign real estate investments. These complexities are noted by MountX CEO, Enrique Suarez, when commenting on the choice to turn to tokenization.
“We are very excited to partner with Dave and the Vertalo team to launch our platform. We share the same vision of simplifying complex transactions with great technology, backed with robust security and transparency. This partnership enables us to empower people to become global real estate investors, in a simple, secure and exponential way.”
Vertalo Real Estate (VRE)
For those unfamiliar with VRE, we first detailed its launch in mid-2020. The launch of VRE marked a concerted effort by a leading company in the digital securities sector to focus on a specific asset class. Vertalo offers a suite of services that benefit all digital securities, with the VRE division focusing solely on real estate.
Vertalo CEO, Dave Hendricks has touched on this point, commenting,
“…Vertalo's VRE was conceived and launched to help increase access to the best real estate investment opportunities, powered by simple-to-use technology, and designed for teams like MountX. The Vertalo VRE team looks forward to helping MountX execute against its vision.”
The VRE branch of Vertalo was created specifically with deals like this in mind. It is a promising sign that mere weeks after launch, a licensing agreement with MountX Real Estate Capital was able to be achieved.
Vertalo has been at the center of various high-profile developments throughout 2020. As a result, it remains firmly atop a select crop of companies vying to be industry leaders.
While real estate may be a perfect asset class to benefit from tokenization, it is by no means the only asset class to benefit from tokenization. The recent partnership between Vertalo and DealBox which will see the companies tokenize 22 different projects in a variety of different industries.
Of these anticipated 22 projects, at least 8 have already begun the process, including,