Real estate firm Coldwell Banker (CB) plans to tokenize luxury real estate assets, starting in Thailand. The local office has partnered with blockchain firm Coinweb targeting luxury properties. A Beta launch is scheduled for Q3 2022, subject to Coinweb acquiring an exchange license from the Thai SEC.
Tokenization promises to improve the liquidity of various assets, including real estate, by fractionalizing the investment and lowering backend investment costs.
Many real estate assets that are tokenized are commercial properties or rental units. Peter Meyer, CB Operations Director in Thailand, said the company sells and manages a large portfolio of luxury villa rentals in Thailand and worldwide.
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