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If you’ve ever bought a house, condo, or co-op, you’ll know it’s a major process. Many joyful buys took a good deal of trudging through weeks of stressful communication challenges. The journey was loaded with people, paperwork, and fees. Why do we put ourselves through it? Because getting into the market is a key wealth-building …
Some of Wall Street’s biggest banks — Goldman Sachs, JPMorgan Chase, the list goes on — are quietly integrating blockchain, the technology that spawned bitcoin, into their businesses. In fact, Wall Street firms have been experimenting with blockchain for years. Regardless of what bitcoin does, blockchain technology will flourish. Tom Farley, ex-president of the New …
Continue reading “Digital Real Estate Titles? Watch What Wall Street Says About Blockchain”
Citigroup is a leading global investment bank. And it says blockchain “could be a good fit” for real estate. Traditional real estate often lacks transparency, relies on a lot of middle people, and is generally cumbersome to sell, according to Citigroup’s new report Money, Tokens and Games: Blockchain’s Next Billion Users and Trillions in Value. …
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Here It Comes… Internet-assisted real estate investing keeps evolving, just as the internet itself does. Now, it’s possible to convert stored value — even real estate — into digital assets. Fractional shares in a property become securities, issued as tokenized shares to be traded on a secondary market. These investments and trades are verified and …
Spring 2022 Update Cryptocurrency adoption has been on a steady upward trend. So has its blockchain-based technology. The blockchain is a database that preserves indelible records. Each block in the chain contains proof of individual claims and transactions that have happened or that will happen in the future.
A First for U.S. Real Estate This year, the California real estate tech company Propy directed the first U.S. real estate NFT auction. The asset was a four-bedroom, 2-and-a-half bath house in Gulfport, on the western coast of central Florida. The Spanish-style building looks like many other Florida homes (readers may view a picture of …
Life in the Metaverse Tokenized real estate has met the metaverse, creating something new: virtual real estate. Virtual developers are sweeping millions of dollars’ worth of crypto coins into property deals. They see a robust online economy in the making. Are they dreaming?
Cryptocurrency is on a roll as we go to press. Things can change quickly in this arena, but right now, values are high. Bitcoin has never been higher. BITO, a new exchange traded fund (ETF) for bitcoin futures has come out. Even Berkshire Hathaway is talking about buying a home with bitcoin. And now Coinbase, …
Continue reading “Coinbase and Real Estate: Perfect Together?”
July, 2021 — Real estate has long functioned as a store of equity value that owners can exchange for money, loans and lines of credit. Yet the typical real estate transaction is associated with a cumbersome, bureaucratic, and fee-heavy process that every homeowner is greatly relieved to finish. There are other ways to invest in …
Continue reading “From Crowdfunding to Tokenization: The Evolution of Shares in Real Estate”
Real estate is known as an illiquid asset. Turning real estate assets into cash is a complex, costly process. This is so, whether the owner is selling, or seeking profit from steady rental income. Returns on an initial investment are typically slow, cumbersome, dependent on intermediaries, and reliant on other people’s reliability and performance. Blockchain …
Continue reading “Decentralized Finance (DeFi) and Real Estate Investments”