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A Manhattan luxury condominium development located on 436 & amp; 442 E 13th St in the East Village is the first major resource in Manhattan to be tokenised on Ethereum.Netseekers
A development of a luxury condominium in Manhattan is becoming a new digital home on the worldwide block of Ethereum. & nbsp; The building, a complete construction of 12 units with 1700 square feet units located on 436 & amp; 442 E 13th St in the East Village, is the first major asset in Manhattan to be tokenized on Ethereum. The property has recently been valued at more than $ 30 million.
Ryan Serhant, bestselling author of Sell like Serhant and protagonist of Bravo Million Dollar Listing New York, is the quotation broker on the deal. He and the developer are turning to tokenization as a new method of funding, which could serve as a better alternative for the project and investors.
"The New York market is always strong, but it can take time to sell at the right price in a new building.With blockchain tokenization, we can remove the unruly pressure of traditional bank financing, which is much healthier for the project and all stakeholders. Tokenization is paving the way for a new avant-garde in real estate development, "Serhant told me.
Tokenization is the process of representing the ownership of real-world resources digitally on a blockchain. This new method of financing is the result of the partnership between Propellr is Fluidity, two companies that have joined forces to offer compliant products and services for the creation, distribution and transfer of digital titles.
Traditional securities structures and emission structures have not evolved for a long time. With blockchain technology, a transparent and untrustworthy ecosystem can begin to resolve the information asymmetry that hinders the market's liquidity potential. This asset, structure, sponsors and sales teams show this evolution. With the right discipline and respect, the future is bright for tokenized titles , Todd Lippiatt, CEO of Propellr told me.
Propellr is a creation, management and support platform for assets held in digital and parent company of Propellr Securities, a registered broker broker FINRA. Propellr will use its experience in financial and capital markets to offer and sell traditional and tokenised securities based on what is known as Reg D rules 506 (c).
Fluidity, the team behind Airswapprovides technology services to registered broker-dealers, issuers and financial institutions for securities with tokenised shares. Fluidity has partnered with Propellr for its institutional capabilities, allowing them to accept fiat payments and solicit and sell securities under 506 (c).
Investors will have the opportunity to receive analog or digital interests in the securities, which should cover all the bases for potential buyers of the transaction. The AirSwap technology will be integrated into the bidding process, including the "tokenisation" of the securities and the possibility of bringing out a compliant secondary market.
"Together with our flagship AirSwap, we are building a system that brings local resources online using blockchain technology, making them available to trade on a global market, directly between buyers and sellers, and fluidity is laying the foundations for a new system. tokenization and trade, "said Don Mosites, co-founder of Fluidity.
The tokenization structure has been contemplated and published in The Two Token Waterfall, a complete structure to apply blockchain technology to the entire capitalization of a real estate transaction. The greater transparency of the structure has the potential to improve the liquidity of private securities and can be applied to a wide range of real-world activities.
"Going to the market with a historical agreement allows us to make a statement: this technology is now real – with the right partners and an optimized structure, we are bringing a great resource of the real world online. & Nbsp; We are grateful to have opportunity to lead the blockchain community in this new paradigm, "says Michael Oved, co-founder of Fluidity.
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A development of a luxury condominium in Manhattan, located in 436 and 442 E 13th St in the East Village, is the first major asset in Manhattan to be symbolized on Ethereum.Netseekers
A development of a luxury condominium in Manhattan is becoming a new digital home on the worldwide block of Ethereum. The building, a completed construction of 12 units with 1700 square feet units located in 436 and 442 E 13th St in the East Village, is the first major asset in Manhattan to be tokenized on Ethereum. The property has recently been valued at more than $ 30 million.
Ryan Serhant, bestselling author of Sell like Serhant and protagonist of Bravo Million Dollar Listing New York, is the quotation broker on the deal. He and the developer are turning to tokenization as a new method of funding, which could serve as a better alternative for the project and investors.
"The New York market is always strong, but it can take time to sell at the right price in a new building.With blockchain tokenization, we can remove the unruly pressure of traditional bank financing, which is much healthier for the project and all stakeholders. Tokenization is paving the way for a new avant-garde in real estate development, "Serhant told me.
Tokenization is the process of representing the ownership of real-world resources digitally on a blockchain. This new method of financing is the result of the partnership between Propellr and Fluidity, two companies that have joined forces to offer compliant products and services for the creation, distribution and transfer of digital titles.
Traditional securities structures and emission structures have not evolved for a long time. With blockchain technology, a transparent and untrustworthy ecosystem can begin to resolve the information asymmetry that hinders the market's liquidity potential. This asset, structure, sponsors and sales teams show this evolution. With the right discipline and respect, the future is bright for tokenized titles , Todd Lippiatt, CEO of Propellr told me.
Propellr is a creation, management and support platform for assets held in digital and parent company of Propellr Securities, a registered broker broker FINRA. Propellr will use its experience in financial and capital markets to offer and sell traditional and tokenised securities under the so-called Reg D 506 (c) rule.
Fluidity, the team behind AirSwap, provides technology services to registered broker-dealers, issuers and financial institutions for tokenized securities. Fluidity has partnered with Propellr for its institutional capabilities, allowing them to accept fiat payments and solicit and sell securities under 506 (c).
Investors will have the opportunity to receive analog or digital interests in the securities, which should cover all the bases for potential buyers of the transaction. The AirSwap technology will be integrated into the bidding process, including the "tokenisation" of the securities and the possibility of bringing out a compliant secondary market.
"Together with our flagship AirSwap, we are building a system that brings local resources online using blockchain technology, making them available to trade on a global market, directly between buyers and sellers, and fluidity is laying the foundations for a new system. tokenization and trade, "said Don Mosites, co-founder of Fluidity.
The tokenisation structure has been contemplated and published in The Two Token Waterfall, a complete framework for the application of blockchain technology to the entire capitalization of a real estate transaction. The greater transparency of the structure has the potential to improve the liquidity of private securities and can be applied to a wide range of real-world activities.
"Going to the market with a historical agreement allows us to make a statement: this technology is now real.With the right partners and an optimized structure, we are bringing a great resource of the real world online.We are grateful to have the opportunity to lead the blockchain community in this new paradigm, "says Michael Oved, co-founder of Fluidity.
