A crypto company has launched a new product that focuses on the tokenization of real-world assets, such as property, art and commodities - a venture it believes will transform the way the world invests, trades and transfers value.
DGTO is the latest offering by Darico, and the firm says its service provides business owners and developers with "All the tools needed to tokenize assets into security tokens," including legal and technical expertise as well as sales and marketing strategies.
With a view to kickstarting the new product and "Establishing itself as a major player in the tokenized real estate market," Darico says it has acquired 30 apartments and 15 villas with a combined value of $20 million - all with a view to tokenization.
The company says it is currently in negotiations with some of the biggest players in the UAE real estate market, as well as "Some significant infrastructure projects."
Through DGTO, executives hope to increase the liquidity seen in the global real estate market.
According to research by the British property firm Savills, the world's real estate was worth a combined total of $280 trillion in 2017 - an increase of 6.2 percent on the year before.
Residential properties accounted for most of this record-breaking amount, with commercial and agricultural real estate comprising the rest.
New partnerships formedDarico's plan to become a market leader in the tokenization of real estate comes after it announced a partnership with RDK Commercial Investment - a company described as "One of the United Arab Emirates' premier private property" providers.
It is also hoped that the partnership would further DGTO's vision of enabling the public to own fractions of an apartment - including luxury real estate in Dubai.
In a blog post, Darico explained why it wants to offer the world previously unexplored alternatives for acquiring property, writing: "Nowadays, the real estate sector is considered difficult to access and owning a real estate is not affordable by all people. There are assets that are less liquid than others and transaction costs for the entire asset make it difficult for them to be traded or invested in."
Dubai-Based Crypto Firm's New Product to Allow Real-World Assets to Be Tokenized
Publicado en Mar 25, 2019
by Cointele | Publicado en Coinage
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