Real estate company RedSwan Digital Real Estate reports that it has tokenized $100 million in commercial real estate assets on the cryptocurrency network Stellar.
Red Swan, which is supervised by the U.S. Financial Industry Regulatory Authority (FINRA), has integrated institutional apartment complexes and hotel properties onto its platform. This is intended to: “democratize” Access to real estate investment Through decentralized technology.
RedSwan uses Stellar’s infrastructure, known for fast and low-cost transactions. We issue tokens through the regulated Token Studio system. These represent a portion of real estate value that can be distributed around the world. The above allows investors to take advantage of smaller amounts, greater transparency, and constant liquidity in the secondary market.
Tokenized assets (RWA), as defined by CriptoNoticias Cryptopedia, are: A cryptographic token that represents a tangible asset that exists outside the digital realm. This includes works of art, real estate, raw materials, and merchandise.
These assets total $18 billion to date. This figure has increased by 720% since July 2023, when it reached USD 2.2 billion. This is illustrated in the DeFiLlama graph below.
RedSwan founder and CEO Edward Nwokedi said Stellar’s architecture is “aligned with our mission to open access to real estate investing through blockchain.”
According to estimates in the North American market, approximately USD 75 trillion of real estate could be unlocked through tokenization. Stellar Development Foundation Executive Director Denel Dixon emphasized that the network is designed to move value securely and quickly. In his opinion this works fine On a platform ideal for tokenized real assets like RedSwan.
