Graeme Moore, head of tokenization at Polymath, told Coindesk he believes this project will work where others failed. Red Swan makes money by taking a percentage of the equity that’s issued, and tokens sit in a digital wallet custodied by Prime Trust and insured up to $1 billion. Nwokedi plans to create a new investment category of commercial real state investments with more than $500 billion in security token opportunities, according to a March 2019 Medium post.
The $2.2 billion represents 16 different Class A commercial properties based in Austin and Houston, Texas, Brooklyn, N.Y., Oakland, Calif., and Ontario, Canada. The company has another $4 billion in real estate in its tokenization pipeline. Of Red Swan’s $2.2 billion in tokenized real estate, $780 million is available to investors in pre-sale, according to Nwokedi. No Doctor Visit Required, Get Policy for as low as $30 per Month Securities and Exchange Commission, which will allow it to manage assets for accredited investors.Īre you interested in getting smart on Life Insurance? Meanwhile, Red Swan is in the process of becoming a registered investment adviser with the U.S. Investors’ funds are being held in escrow with plans to distribute shares in April. Red Swan’s ST-20 tokens are running on Ethereum. Tokenization has struggled to transform the multitrillion-dollar real estate market, Nathan DiCamillo wrote for Coindesk. Institutions have been reluctant to re-engineer back offices until they see liquidity. While banks will usually allow about 50 percent leverage on a given asset, Red Swan allows property owners to tokenize 90 percent of the net equity underlying a property, Coindesk reported. Red Swan says its platform provides low barriers to entry, liquidity and more affordable, efficient transparent ownership of SEC-approved security tokens.
0 kommentar(er)
