Tag: blockchain

Tokenized Real Estate: Creating New Investing and Financing Channels Through Blockchain

Jimin Won on

In 2018, New York City-based asset management firm Elevated Returns completed a tokenized real estate offering for $18 million on the Ethereum blockchain. The asset was the St. Regis Resort in Aspen, Colorado. The high-profile property and the employment of an unusual fundraising method caught the attention of investors, fintech enthusiasts and blockchain communities. Not… Continue Reading Tokenized Real Estate: Creating New Investing and Financing Channels Through Blockchain

Smart Contracts: Changing the Way We Do Deals (6 min)

Ershad Chagani on

The contractual elements of real estate transactions can be complex and cumbersome. In order to protect their respective positions and overcome the barrier of lack of trust, parties to a transaction are forced to utilize intermediaries such as lawyers and escrow accounts. Smart contracts are blockchain-based tools that have the potential to transform the process… Continue Reading Smart Contracts: Changing the Way We Do Deals (6 min)