Real estate prices are climbing beyond the risk tolerance of the average investor – unless blockchain technology has something to say about it.
In a recent profile on newsbtc.com, a unique venture built on tokenized real estate assets painted a different picture for the future of property investment.
RealT, the innovative new platform aiming to simplify global access to U.S. real estate tokenization and investment, has launched with the announced offering of its initial residential property in Detroit, Michigan, as well as ambitious plans to expand to other U.S. cities in the coming year. The platform will also eventually function as a marketplace for current homeowners looking to tokenize and sell their own real estate assets. Powered by Ethereum, RealT offers legally compliant ownership of tokenized real estate, providing investors around the globe with a more efficient route into the U.S. property market and providing asset holders with direct access to liquidity.RealT Launches New Asset Tokenization Platform to Increase Global Access to U.S. Real Estate Investment – newsbtc.com May 16, 2019
This is an unprecedented opportunity for international investors who are typically met with years of red-tape and prohibitively high risks when attempting to invest in American real estate. To pilot the program, RealT has intentionally selected accessible real estate markets to lower the capital risk for prospective investors.
To launch the platform, RealT has chosen Detroit, Michigan, as the first city where it will offer tokenized property investment due to its comparatively low property prices and vast potential for growth. After decades of urban decay, new investment is now driving urban regeneration in the area. Improving real estate liquidity, RealT will enable investors to engage in fractional ownership of Detroit homes and generate passive rental income. To analyze the value of real estate and opportunities for growth RealT’s team closely monitors the Capital Improvement Plan (CIP) for cities around the United States. In this way, RealT aims to provide users of its platform with access to properties that provide significant investment potential.
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“The recent influx of investment into Detroit, most notably a $4.5 billion USD injection by Fiat Chrysler that will preserve and add up to 5,000 jobs in the city, is emblematic of a period of renewed growth. RealT is proud to be among those contributing to the continued redevelopment of the city by offering a means of foreign investment into the Detroit housing market which will help to further develop the economy and drive urban renewal efforts. We’re delighted to launch our platform in the Renaissance City and contribute to its ongoing revitalization. We’re also planning on expanding to additional U.S. cities later this year and are passionately committed to making U.S. property investment a more realistic prospect for individuals around the world,” concluded Jacobson.
By leveraging the distributed ledger, the days of complicated title research and insurance, convoluted escrow requirements, and countless middlemen are numbered. The cryptocurrency community may attract doubtful sneers from traditional investment firms today but as the benefits of blockchain for the beloved real estate market pile up, the conversation is sure to shift.