News
Major German real estate group Vonovia has used the Stellar blockchain to transfer the ownership of real estate rights.
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Real Estate News
Real Estate is the business of selling, buying and renting real property. The term real property is used to define a land that is owned by some individual with all the improvements integrated with it, such as houses, apartments, machinery, among other things. A person who works on the sales and marketing of real property is called a realtor or real estate broker. Commercial real estate is one of the main sectors of a capitalist economy, with a large amount of finance and influence on government decisions. It’s no wonder that real estate has many possible applications for blockchain. Blockchain may be used to make a record of the deal and reduce the possibility of fraud, and to lessen third-party involvement, such as realtors and searching websites. Smart contracts are especially useful in renting, for both the lessee and lessor to insure the transactions and its conditions.
- News
As real estate tokens falter, AspenCoin has announced cash rebates for token holders who stay at its resort.
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The platform will allow investment in commercial real estate from as little as $5,000, and liquidity in the form of token-backed loans during the 12-month lockup period.
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Overstock’s tZERO platform has commenced trading Aspen’s digital security.
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Real estate blockchain platform developer Ubitquity partners with Rainier Title to build a tokenized title application.
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Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability.
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The Netherlands’ financial regulator has approved the blockchain-powered real estate crowdfunding platform Max Crowfund.
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As real estate security tokens grow in popularity, tZERO has partnered with Aspen Digital to support trade in a five-star resort-backed token.
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Tosei real estate and Tokyo Financial Holdings issued an asset-backed digital financial product, Coinage registered with Japanese authorities as an exchange and more headlined news from Japan this past week.
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Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged.
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French financial technology firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize Paris properties.
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Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin.
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Japan home builder Sekisui House is utilizing blockchain technology to move it closer to one-stop leases for rental properties.
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A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency.
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Despite a nearly double-digit retraction in the combined capitalization of the security token sector, real estate tokens gain over 4% during April.
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