tZERO, Tezos Foundation to Tokenize £500 Million in UK Real Estate
The blockchain startups will tokenize portions of properties financed by U.K.-based Alliance Investments.
Digital transfer agent Vertalo is teaming up with tZERO and a Pennsylvania investment firm to tokenize $300 million in real estate on the Tezos blockchain.
The platform has been set up to help reinvigorate smaller towns and villages in rural Japan.
Tokensoft has partnered with New York-based Signature Bank in a bid to make security tokens click for real estate investors.
Currently, the tokens are only available in pre-sale. Red Swan is holding investors’ funds in escrow and plans to distribute shares in April.
A high-profile venture between startups Fluidity and Propellr was quietly shelved this summer, underscoring the hurdles real estate tokenization faces.