To tokenize real estate means is to divide into shares that can be sold to investors. Tokenization is basically the process of converting real estate assets into digital tokens that represents a share of an individual underlying asset or shares of a group of assets. The tokens are underpinned by blockchain technology, which is a globally distributed ledger. It helps control, secure and verify transactions and also completely protects the user and the asset’s information.
Now, why do you have to tokenize? What are the benefits? Let’s find out.
Why tokenize your real estate?
Blockchain technology is such a resourceful innovation, that is currently going through an evolution phase. Blockchain has disrupted almost every major industry and one of them is undoubtedly the real estate industry. The real estate business is vastly spread and is always on demand. But it also involves many challenges like illiquid assets, the long tedious process, involvement from third parties and the brokerage fees, etc. This is the main reason the industry is going through a downfall. But, tokenizing your real estate along with blockchain, provides many advantages that almost remove all the major barriers of real estate business. The advantages include,
Instant, efficient transactions and quick settlements
Elimination of third parties
Low transaction feels
How to tokenize?
To tokenize your real estate and secure them in the best way possible, conduct extensive research and hire a well experienced real estate tokenization company who will offer reliable solutions with reliable blockchain technology and features that will take your real estate business to the next phase.