Bitcoin
BTC$27 633.20

-0.02%

Ethereum
ETH$1 749.35

-0.49%

Tether
USDT$1.001019

-0.11%

Binance Coin
BNB$323.33

-0.83%

USD Coin
USDC$0.999720

0.07%

XRP
XRP$0.425604

-5.31%

Tezos Will Tokenize British Luxury Property


05 Nov 2019

#Tezos

It is not a secret that the real estate industry have been dipping their toes in the blockchain waters rather actively throughout the last few years. However, the numerous projects that tried to form a symbiosis between the business of property development, which is looking for new ways to evolve after having recovered from the economic crisis of 2008, and the blockchain technology were not particularly successful. One of the main reasons for that was the absence of partnerships with high-end construction and real estate investment companies. Many concepts regarding the tokenization of the real estate items have been presented, but virtually none of them came to fruition, until now.

Big tokenization plans


In its latest press release, tZero, a renowned developer of blockchain solutions for capital markets, founded by Arthur Breitman, a former analyst at the investment bank Morgan Stanley, announced that their foundation has partnered with Alliance Investments, a Manchester-based property investment bank, one of the biggest in the UK. As per this agreement, tZero will provide means for tokenizing a piece of real estate evaluated at approximately $25 million, at the initial phase. The first real estate object in the line is called River Plaza, a luxury residential development that contains 180 apartments and commercial properties, which is currently under construction. However, this would be only the first part of the deal, which stipulates for the tokenization of $600 million worth of property by virtue of Tezos blockchain. 

The known STO details


The tokenization process would include the organization of the security token offering (STO), where all of the features tokens would be 100% backed by a piece of real estate. River Plaza represents a pilot project aimed at affording investors a chance to acquire the additional liquidity thanks to the employment of tZero's unique trading system that had been developed by the company's subsidiary named PRO Securities LLC. The tokenized property shares are going to be issued on the Tezos blockchain, the digitizing capabilities of which had received acclaim from other renowned investment firms like Elevated Returns and BTG Pactual. Also, both parties will rely on Megalodon Capital Management for consultations regarding compliance and STO conduction. The actual token sale is expected to take place in the first quarter of 2020.

Making the real estate market more accessible


This tokenization effort would mark the first steps to the road to conquering the market, the value of which is estimated at $200 trillion, roughly two-thirds of the total world's assets. But the problem is that the overwhelming majority of those assets aren't accessible to non-institutional investors, which significantly hampers the market liquidity. The partners in this deal believe that their tokenization initiative would become a gateway for the investors who are interested in this particular sector but had been deprived of any means for entering it.

The offered security tokens will be structured to serve various purposes. For instance, it could represent equity in a company that owns the property, serve as an instrument for obtaining income from the cash flow or capital growth related to the asset. Saum Noursalehi, the CEO of tZero, said that their joint venture would disrupt the real estate space and raise the trust in cryptocurrencies.

Author: Alex Paulson for Crypto-Rating.com

Related

Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi
Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi
Buyers will try to push the XTZ/USDT pair above the downtrend line
Buyers will try to push the XTZ/USDT pair above the downtrend line
Why Tezos (XTZ) price broke its downtrend with a 50% rally
Why Tezos (XTZ) price broke its downtrend with a 50% rally
Tezos risks correction below record high with XTZ rallying 250 per cent since July
Tezos risks correction below record high with XTZ rallying 250 per cent since July
4 Best Tezos (XTZ) Wallets in 2019
4 Best Tezos (XTZ) Wallets in 2019

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 71.6% 54 $27 633.20 -0.02% 2.44% $534 060 036 937 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 39 $1 749.35 -0.49% -0.84% $214 074 957 233 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.001019 -0.11% -0.16% $78 566 092 119 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.6% 51 $323.33 -0.83% -3.57% $51 051 275 960 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $0.999720 0.07% -0.02% $34 404 469 197 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86% 21 $0.425604 -5.31% 12.54% $21 684 894 622 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 59.2% 82 $0.097262 -21.83% 8.78% $16 866 375 361 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 43 $0.360665 -3.32% 4.16% $12 522 887 479 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.8% 51 $0.074732 -3.91% -1.34% $9 914 772 100 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 77.6% 48 $1.11 -1.86% -9.15% $9 659 567 617 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 75.2% 52 $21.59 -1.00% 4.01% $8 284 331 535 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.993449 -0.65% -0.74% $8 011 194 439 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 73.6% 49 $6.13 -1.26% -6.49% $7 164 137 045 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 72% 58 $90.76 -0.41% 6.89% $6 584 394 664 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.