Miami WeWork Building Being Tokenized On Ethereum
$66 Million Dollar Real Estate
Ethereum is getting big traction in the real estate investment market. Securitized tokens have increasingly popular, due to greater accessibility and tradability among a global pool of investors. Traditionally dominated by risky debt structure and tangly bank loan agreements, real estate "on the blockchain" offers a much cleaner and accelerated road map for developers to tap into.
Among four tokenized projects valued at $260 million, the Miami WeWork building is the first property to be onboarded by Inveniam Capital Partners, a company based out of New York City.
Future tokenized projects include student housing in North Dakota State University, a water pipeline, and a multi-family housing development in Southwest Florida.
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