Blockchain property investment platform for the US real estate sector, RealT, has announced its official international launch
RealT provides investors, regardless of their location, to become landlords in Detroit.
In the future, RealT plans to include properties from across the United States and the world.
RealT’s platform utilizes blockchain technology for property ownership and rental income distribution.
Investors are provided with RealTokens that represent ownership in each property, while rental income is paid daily using USD stablecoins.
Real estate cannot be directly tokenized in the United States, so each of the properties featured on RealT is officially owned by a Series of a Delaware series limited liability corporation (LLC).
RealT issues a specific number of tokens for each Series, which are then made available for purchase by investors.
"Up until now, investing in real estate has been a laborious and expensive process," Rémy Jacobson, CEO of RealT said.
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