The real estate market continues to lead the way in blockchain adoption. This week, the US-based fractional ownership real estate platform, RealT announced a strategic partnership with the crypto exchange Uniswap. The news represents a further expansion of blockchain technology in the United States’ real estate sector. Also, it provides unprecedented levels of liquidity in the market.
RealT is a fully compliant web-based platform that provides global investors with the ability to purchase fractional ownership of US properties. Token holders receive property ownership interests in the form of tokens called RealTokens. Currently, the firm offers properties in Detroit, Michigan with plans to expand nationally in the coming weeks.
RealTokens operate within the Ethereum blockchain as security tokens. These tokens include all compliance and regulatory commitments directly into its programming. ERC-20 compatible security tokens are by far the most widely used in the cryptospace. As such, these tokens have some benefits.
Importantly, as an ERC-20 compatible token, RealTokens enjoy an unprecedented level of interoperability. This added interoperability allows the tokens to enjoy some unique capabilities. These capabilities include the ability to utilize a wide variety of wallet options.
As a RealToken holder, investors gain a host of rights and benefits. These benefits include a share in the property’s rental profits. Additionally, investors gain the opportunity to vote on property decisions such as maintenance, leasing, and liquidation. In the event the property is sold, token holders receive a share in the sale proceeds equal to their percentage of ownership rights in the property.
Importantly, RealTokens allow for trading on the Uniswap exchange. Basically, this popular exchange provides for a seamless trade of any digital asset on the Ethereum blockchain. Importantly, Uniswap retains all of the token’s compliance protocols throughout the life cycle of the token. This ensures that each RealToken follows the current SEC guidelines.
According to company documentation, RealT and Uniswap became the first firms to offer a digital asset representing traditional securities launched on an open finance exchange with this maneuver. This event occurred on Monday, November 4, 2019, when RealT’s flagship property, 9943 Marlowe Street in Detroit, Michigan officially went live on the exchange. Now, investors can instantly buy or sell Marlowe RealTokens using ETH.
Speaking on the decision, the Founders of RealT, the Jacobson Brothers, Remy, and Jean-Marc discussed the importance of the milestone. They noted how the tokenization created a seamless interface and unmatched efficiency in the sector.
Real Estate Goes Blockchain
This latest news is just another example of how blockchain technology revolutionizes the real estate sector. Now, investors can gain fractional ownership of real estate as easy as exchanging Ethereum. Every day more firms turn to tokenization as a valuable strategy to improve liquidity in the market.
RealT and the Future
You can expect to see these types of frictionless transactions continue to expand across the real estate market as blockchain technology continues to proliferate globally. RealT appears to have a game-winning strategy in place for the digitization of the economy.
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