XLM Could Soon Surge As It Partners With Multi-Billion Dollar Company
The importance of tokenising one of the most valuable sectors, which has raised several wealthy billionaires aside the technology sector, the real estate sector is getting its feet.
âRecently, a Manhattan property real estate established tokenised their real estate properties through a launch of $30 million fundraising in the Ethereum blockchain.â
The platform, Smartlands is designed to help provide tokenised tokens on the Stellar blockchain in an attempt to reach their goal to put the manufacturing, real estate and agriculture sectors on the aforementioned blockchain is in a partnership with one of the biggest multi-billion dollar real estate companies in the world, Colliers International. This is in order to tokenise real estate properties in the Stellar platform.
In response to the effect of the two teaming up will have on financial institutions in the real estate region, the CEO of Smartlands, Arnoldas Nauseda has said this on the matter:
âCreating liquidity for a property of any kind was always a main challenge for the real estate industry. Also, legacy finance institutions rule the real estate space with an iron fist and are showing very little willingness to let up the pressure, adopt new technologies and embrace the Zeitgeist. Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry. Colliers was perceptive enough to enter the partnership immediately.â
The commercial real estate giant - Colliers - has property in over 65 countries all over the globe. It was reported that last year, the company had over $2.5 billion USD in revenue with over two billion square feet of real estate.
The CEO of Colliers International Advisors in Lithuania, Ramune Askiniene who had reported on the over $2.5 billion revenue last year also said:
âThe global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization. We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar.â
At the time of writing, Stellar is in the green with a 2.99% increase over the past day and is priced at $0.246 according to CoinMarketCap
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