Raise funds by tokenizing your real estate holdings with BlockchainAppFactory
Added: (Fri Mar 01 2019)
Pressbox (Press Release) -
With a seamless platform to tokenize your real estate of any category, Blockchain App Factory’s revolutionary Real Estate Token Studio allows you to fractionalise ownership in a holding pattern that fits your business case thereby, changing the way funds are raised for projects through Smart Contract Development, Audit and Real Estate Tokenization.
The real estate industry has grown significantly since the 2008 Global recession. The market price is predicted to increase with millennial’s growing interest and demand towards the real estate industry. However, there are ways to invest in the industry without owning through Real Estate Investment Trusts (REITs) and Real Estate Tokenization. Though the market is growing and recovering from the 2008 crash, real estate funding is still plagued with issues.
“Not everyone can afford to buy prime properties which make unsold assets highly illiquid, causing a shortage of funds for any new projects.” said the spokesperson for Blockchain App Factory.
The standard rate of commission in the real estate industry is 6% resulting in over $230+ billion revenue for the realtors, agents and other middlemen involved in the sale of property. In addition, funding for new projects becomes increasingly difficult due to the illiquid nature of the assets.
Blockchain in Real Estate eliminates the need for intermediaries (brokers, lawyers & banks) by providing an immutable property verification and transparent payment methods through cryptocurrencies.
Smart Contract Development ensures that fraud is prevented by providing verifiable property documents. Every transaction in the property is recorded on the blockchain thereby creating a comprehensive ownership history.
"We are moving towards the era of shared economy and real estate assets across the globe can be tokenized for real estate moguls to raise money through crowdfunding while the investors can earn a piece of prime real estate” added the spokesperson.
Blockchain App Factory, a leading blockchain development company, helping the real estate industry in smart contract development, auditing as well as tokenization of their illiquid assets, is looking for visionary entrepreneurs to take advantage of their platform and become the next success story in this fundraising space.