Some popular examples in the industry are Digi Shares, Cocoricos, and RealT. It benefits property buyers, sellers, landlords, property managers, and real estate investment trust managers.
What are the main functions of real estate tokenization platforms?
Providing fractional ownership rights, dividends, and cash flow from the property to investors.
Displaying details about a wide range of commercial, residential, and industrial properties that are going to be tokenized.
Regular rental collection from real estate assets and distributed to the owners directly to their digital wallets.
Real-time property management and live alerts will be issued related to aspects like maintenance and repairs.
Quick fund settlement is ensured through the processing of peer to peer transactions.
Smart contracts automate all the operations and eliminate the role of banks, agents, brokers, lawyers, and notaries.
Listing the tokens in the secondary market for fetching a high demand.
End-to-end compliance with KYC/AML regulations.
Live progress will be updated about the total money raised as part of the crowdfunding campaigns.
As seen above, Real estate tokenization platforms help in upgrading the functioning of the industry. Mass adoption will be witnessed in the future if there are friendly regulations, better cooperation between the stakeholders, and enhancement in the scalability of blockchain technology.
