Today, asset tokenization firm Liquefy said it partnered with a consortium of Gulf families on a tokenization project for $1 billion of real estate assets. In the first phase, the project will securitize an unnamed luxury hotel valued at $600 million in London’s Mayfair district.
The goal of real estate tokenization is to increase the liquidity of real estate properties. It also opens up the market for smaller investors. Meanwhile, blockchain can monitor and permanently store property transactions using smart contracts and cryptography.
We contacted Liquefy, but a spokesperson was unable to comment on the identity of the hotel to be put on its blockchain platform. A spokesperson for The Dorchester confirmed it was not its hotel.
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