GCC First Tokenization Platform
<span style="font-weight: 400;">Arms & McGregor International Realty, the Dubai-based real estate company behind Real Estate 6.0 (the new asset class in Real estate), announced it was taking the GCC property sector to new highs with the launch of the region's first real estate tokenization platf
Published -
Jun 1, 2021 4:22 AM
Arms & McGregor International Realty, the Dubai-based real estate company behind Real Estate 6.0 (the new asset class in Real estate), announced it was taking the GCC property sector to new highs with the launch of the region's first real estate tokenization platform directly connected to a DeFi liquidity pool. Powered with innovative technology developed by Blocksquare, the new platform was designed to open the way for trading, owning, and liquidating property assets through trading digital tokens. It was taking the GCC property sector to new highs with the launch of the region's first real estate tokenization platform. The project is meant to revolutionize real estate so that anyone can purchase any property or any part of it, at any time DeFi allows liquidity and funding for giant mega-projects like NEOM. The value of the token will be dependent on the property valuation. The Realty is eyeing over $5 billion in liquidity to the property market in GCC by 2024, aiming to make the liquidation of the asset class possible and transparent, while automating the transaction process.