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