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

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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