The platform has been set up to help reinvigorate smaller towns and villages in rural Japan.
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.
The blockchain startups will tokenize portions of properties financed by U.K.-based Alliance Investments.
A flurry of announcements related to property and blockchain in Korea and Japan were made in September.
Real estate startup AssetBlock has launched a new platform for trading commercial properties linked to tokens on the Algorand blockchain.
BitPay processes about $5 million in bitcoin for real estate transactions through international and domestic individuals and firms.
Prime Minister Muscat announced the proposed initiative during a Radio One interview.
Michael Arrington has also dived into blockchain capital investments with his $100m firm, Arrington XRP Capital.
The venture capital arm of the U.S. National Association of Realtors has invested an undisclosed amount in blockchain real estate startup Propy.
A British baroness' luxury residential project targeting the crypto rich has been put on hold, says The Times.
Inveniam Capital Partners is soon to offer tokenized securities representing $260 million-worth of shares in four properties.
Brazilian investment bank BTG Pactual is planning to raise millions of dollars through the offering of a security token tied to property assets.
County auditors in the U.S. state of Ohio have launched a study of the improvements blockchain might bring to property transfers.
The promises made for blockchain are a pipe dream that is unsubstantiated and misleading, says Farzam Ehsani.