Blockchain

RealT Brings True Digitization to Property Ownership

property ownership
source: pixabay.com

The last few years have seen some changes in the real estate industry. Firstly, the number of properties sold over the years has grown considerably. With 5.64 million homes sold in the US alone last year, the number is expected to grow to just under 6.5 million this year. The global pandemic grew the home buying industry as people reevaluated their work and living situations.

Secondly, the growth of property tokenization. Real estate tokenization is the conversion of property value into digital tokens that are sold to investors via blockchain technology. Now becoming a serious disruption to the traditional real estate industry, the benefits of tokenization in property are hard to ignore.

The biggest advantage of property tokenization is affordability. With property tokenization, it makes the investment into real estate something anyone can do. By splitting the real estate into small bite-size chunks, starting and building a diverse property portfolio is a opportunity for all.

Because tokenization is powered by blockchain technology, speed is a big advantage too. Instant transactions remove any possible banking delays and by taking out the need for a third-party, the amount of time, hassle and money spent is dramatically reduced.

Until now, despite the advancement in technology and tokenization, paper deeds and legal storage was required. However, RealT has changed that, bringing true digitization to real estate tokenization. RealT tokenizes interests in a Limited Liability Company (LLC) which are the solitary owners of a property.

Anyone Can Build a Diverse Property Portfolio

From as little as $50, anyone from around the world can use RealT’s internet-only platform to invest in United States real estate (commercial properties coming soon).

Powered by the Ethereum blockchain, RealT offers a wide and growing range of curated properties chosen by a team of experienced real estate professionals in the US.

Depending on the tokens, returns are made via rent, property sales and token growth yield. The rents, if paid weekly can be transacted immediately using a US-Dollar stablecoin, sent to your xDai or Ethereum wallet.

All rented properties are managed which means chores like rent collection, maintenance, and sourcing tenants are all taken of by RealT. The token holders do not have to get involved, just reap the rewards!

Tokenization has changed the real estate industry. Initially, big investors and hedge funds saw the benefits and hundreds of millions of dollars have been poured into tokenized real estate since 2019, growing every year. Now, anyone can invest in real estate in the US in a fast, fully compliant, and transparent manner.

Traditional pen and paper transactions in the real estate industry are becoming a thing of the past. The use of blockchain technology and the tokenization of real estate is bringing property ownership to the masses.

What we are seeing with RealT is the next level of digitization. By setting the real estate as assets solely owned by an LLC, powered by the Ethereum blockchain, the deed to each property is held by the LLC, meaning no paperwork for you and all compliance taken care of.

With more and more properties becoming available for tokenization and more people around the world switching on to the idea of property ownership through tokenization, property ownership is no longer just a pipe dream.

About the author

Ben

Ben is an experienced trader having worked for HSBC and Bank of Ireland. Ben takes a keen interest in the financial markets, and is a regular forex and cryptocurrency trader and commentator

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