RealT, the platform that allows investors to buy tokenized real estate, has signed a long-term partnership with Roofstock, a company that specializes in the digitization of real estate to democratize home ownership in an innovative way. The partnership materialized with the first sale of a property on the Ethereum blockchain (ETH) via the OpenSea platform.
RealT signs a major partnership with Roofstock
The innovative platform RealT, which offers investors to invest in real estate through tokenization, has just signed a promising long-term partnership with Roofstock, a company specializing in real estate digitization.
This partnership materialized with the sale of a property on the Ethereum blockchain (ETH), namely a house located in Georgia, USA. Thus, Roofstock sold this property in the form of a non-fungible token (NFT) to RealT via the OpenSea platform, which then split the shares before tokenizing them.
Preview of the home located in Georgia, the result of RealT and Roofstock’s partnership.
As with all of RealT’s property offerings, this innovative and disruptive tokenization offers investors from around the world the opportunity to access a simplified investment vehicle for exposure to the U.S. real estate market.
This sale marks the beginning of a long partnership between the 2 Web3 companies, which will open the doors of real estate investment to everyone since it allows to commit as little as €50, as Remy Jacobson, co-CEO and co-founder of RealT reminds us:
This partnership was an obvious choice, because with the current economic situation where many investors are finding it increasingly difficult to find a source of financing. On the one hand, Roofstock has disrupted the U.S. real estate market by industrializing the sourcing, renovation and management of properties through a turnkey digital offering. On the other hand, RealT allows you to invest in real estate from €50 while having the possibility to resell your investment 24/7 through the secondary market. “
Beyond the financial benefits offered by tokenization, this sale also symbolizes the modernization of a real estate industry that has seen very little innovation in recent decades. For example, blockchain makes it possible to bypass the tedious and complicated buying processes that investors face.
RealT, a pioneer in its industry
Launched in 2019, the RealT platform has been able to revolutionize real estate as we know it with over 270 tokenized properties sold for a total of over $70 million, from single-family homes to buildings of 20 or so apartments bringing together investors from all 4 corners of the world to foster an innovative and growing market.
Combining the benefits of blockchain technology and decentralized finance (DeFi) tools, RealT allows investors of all types to become co-owners of a home in the U.S. (and soon in the European Union) starting at €50 and earn weekly income from their purchase, all in full compliance with U.S. housing market laws. All this with a very simple solution, as Sanjay Raghavan, vice president of Web3 initiatives at Roofstock, reminds us:
“RealT’s tokenization and fractional ownership model, coupled with strong distribution capabilities, provides international investors with a simplified opportunity to access U.S. rental properties. “
In addition to all of the above benefits, purchasing U.S. real estate in U.S. dollars also provides a hedge against the falling Euro, as the European currency tends to devalue against the dollar, coupled with rampant inflation, the outcome of which still seems uncertain. In other words, RealT allows to reduce its exposure to risk by diversifying its portfolio.
Regarding the future of its roadmap, RealT aims to expand into many DeFi protocols to continue to bring innovative solutions to the real estate investment markets.
