11/11/2022 0 Comments Red swan creThese tokens will be offered to the more than 30,000 accredited investors in the Red Swan network, each of whom has between $500,000 and $10 million in capital, but can't afford to outright purchase their own piece of quality real estate. These tokens are backed by a $1 billion insurance plan provided by Prime Trust-the cryptocurrency custodian tasked with securing the assets.Īlthough Red Swan's $780 million pre-sale is already the world's largest tokenized real estate sale, the firm has plans to tokenize a further $4 billion in assets as part of its longer-term pipeline. On the other hand, investors will receive ST-20 tokens (a type of digital security) that represent their shared ownership of the underlying property. At some point, Red Swan hopes to make the switch to an enterprise blockchain platform, to benefit from increased speed and security.įor its role in the sale, Red Swan takes a percentage of any equity that is issued. Shares in these properties will be offered to investors as part of an initial $780 million pre-sale and are currently issued as ST-20 tokens on the Ethereum blockchain. These properties are spread throughout several US states, including Texas, New York, and California in addition to Ontario, Canada. RedSwan CRE Marketplace January 17, 2020 This is how we unlock CRE liquidity through tokenization /geI4HAf4h4
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