Real Estate on the Blockchain: $20 Million Sale ‘Tokenizes’ Student Residence72.22

In the first offering of its kind, U.S. investors can now acquire a piece of South Carolina real estate in the form of blockchain tokens. The tokens represent ownership in a luxury student residence called The Hub, pictured above, which is located near the University of South Carolina in the state’s capital.

The offering is significant because it amounts to the first tokenized REIT in the U.S. This means the owner, Convexity Properties, is providing a traditional real estate investment but one that uses blockchain--a tamper proof ledger technology run across disparate computers--to parcel out stakes.

Original source

Add comment

Please Sign in to be able to leave comments.


Hey guys have you heard bout

What is so special about dapps (decentralized applications? Why people choose dapps over apps? We chose some of the most appealing features that our dapp users enjoy -