Miami WeWork Building Being Tokenized On Ethereum

in #ethereum5 years ago (edited)

$66 Million Dollar Real Estate

Ethereum is getting big traction in the real estate investment market. Securitized tokens have increasingly popular, due to greater accessibility and tradability among a global pool of investors. Traditionally dominated by risky debt structure and tangly bank loan agreements, real estate "on the blockchain" offers a much cleaner and accelerated road map for developers to tap into.

Among four tokenized projects valued at $260 million, the Miami WeWork building is the first property to be onboarded by Inveniam Capital Partners, a company based out of New York City.

Future tokenized projects include student housing in North Dakota State University, a water pipeline, and a multi-family housing development in Southwest Florida.

Company: Inveniam Capital Partners
Details: Deal Sheet Link
Property: Miami WeWork Building
Project Location: Miami, Florida

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Hopefully can just delegate SP to rent.

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@farizal wouldn't that be the dream! XD

Looking good for real world uses for smart contracts on the Etherium blockchain!

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