Another real estate tokenization project is launched in the UK

05 Jul, 2019 | Updated: 05 Jul, 2019
by Fifi Arisandi
Adoption
Another real estate tokenization project is launched in the UK

Another real estate tokenization project is launched in the UK, this time, it utilizes Stellar blockchain network.

The tokenization of real estate seems to be pretty booming these days. This time, a British startup, Smartlands is the one who develops a platform for asset managers and property owners to connect with investors through the provision blockchain-based, asset-backed securities.

Its first project is a $15 million student accommodation building in Nottingham. Retail investors can purchase a token for as cheap as $600, which represents their “beneficial interest in the underlying property and in any capital appreciation or earnings, such as rent, gained through it”.

Additional benefits from real estate tokenization include making the entire market more liquid and efficient as it allows peer-to-peer trading and expanding the market to wider even global reach, as reported by BTC Manager.

Ultimately, the goal of the platform that’s built on Stellar blockchain is to “enhance the liquidity of the real estate market” as stated by CEO Arnoldas Nauseda.

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