Tokenizing Real Estate properties seems to be the next big thing for Blockchain.
We covered Smart Lands tokenizing college housing in UK which was about GBP 12 Million. This week, La Estancia Holdings announced that they are going to extend their Security Token offering in phases until 2020. This tokens will be used to raise $75 Million.
“We’re breaking down the traditional barriers to real estate investment,” Laurent Chemla, head of La Estancia’s blockchain strategy, said in a statement. “[W]e see leveraging blockchain technology as the best way to make real estate investment more accessible to everyone because of the transparency and automation it brings to fractional ownership and its promise of increased liquidity.”
According to a LinkedIn message, Bull Blockchain Law is helping with this tokenizing efforts.
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