The real estate company Red Swan, together with the blockchain platform Polymath, tokenized commercial real estate worth of $ 2.2 billion. Red Swan reports that 30,000 accredited investors have already registered on the blockchain platform.
In the long term, it is planned to tokenize real estate worth of $4 bln. 16 real estate of the highest price category are presented in the form of 16 tokens — this refers to apartments in New York, California and Texas. It is expected that this will be the largest sale of tokenized real estate. Investors who have invested from $500,000 to $10 mln will be able to take part in the preliminary token sale.
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