Aave's Bid to Tokenize Mortgages Moves Forward with RealT Collaboration

Aave's Bid to Tokenize Mortgages Moves Forward with RealT Collaboration

By Abhimanyu Krishnan | News | 2 Sep 2020


Decentralized lending and borrowing protocol Aave (LEND) has provided an update on its bid to tokenize mortgages, as revealed in a blog post published on September 1.

  • Aave will also add a proposal to add RealT Markets to the protocol, which will allow RealT tokens to be used as collateral to borrow stablecoins 
  • By allowing RealT to act as collateral, users can use the generated stablecoins to pay the mortgage, i.e. it can functions as loans that partially repay themselves 
  • RealT is a real estate tokenization project that launched in 2019, and has tokenized multiple properties already
  • Aave co-founder Stani Kulechov first announced the team’s intentions to tokenize mortgages on August 17
  • Real estate tokenization is a popular use case; the Telos project recently announced that it had tokenized $35 million worth of real estate in Croatia

How do you rate this article?


26

0

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


News
News

Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.