The global real estate market is valued at a whopping $8.5 trillion in 2017. Experts estimate that this trend will continue to remain bullish as housing is one of the important components of human survival. However, the arrival of technology such as blockchain and cryptocurrency is opening up new avenues in the archaic real estate market.
Today, it is possible to market physical assets to a diverse and global audience using tokenization. Moreover, real estate tokenization makes it easier to sell large buildings, office spaces and homes by fragmenting ownership. This means that it is possible to sell one building to multiple investors without any hassle. Alternatively, this also makes it possible for individuals to invest in multiple projects and create vibrant portfolios. Finally, the documentation and record-keeping processes are secured using blockchain technology while smart-contracts help makes the transfers and transactions effortless.
In the real estate market a common tokenized assets offering consists of the following steps:
If you are searching for an accredited real estate token development company, look no further than Blockchain App Factory. They have extensive experience in this domain and have worked on several successful tokenization projects. Additionally, their large team features industry experts and talented developers who can guide you to launch an innovative real estate token for your project.
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