How To Become A Home Owner With Blockchain

Purchasing a home has often been regarded as a hallmark of individual success. 

According to research firm YouGov, 74% of Americans say they place the highest priority on owning a home, ranking it above having a successful career, owning an automobile and — surprisingly — retiring. 

Providing a perfect roadmap to discontent are the harsh realities obstructing the millennial’s path toward this goal. According to a 2019 study, nearly 70% of millennials say they cannot afford a house because of rising prices. This dream-shattering reality is explained — or perhaps, compounded — by the findings that housing prices have increased by 120% since 1965 and the generational wealth gap has significantly expanded over the last couple of years.

While one could understand millennials fuming over their real estate troubles, blockchain enthusiasts would be quick to counter this response. Specifically, for those engaged in the tokenization of real estate assets, like Real T, a possibly convenient solution to their woes may be just around the corner. 

Like many other industries, blockchain has sparked ideas for innovating the real estate market through the concept of tokenization. Tokenization allows many investors to own small parcels of large investment properties by purchasing digital tokens that are tied to these properties. 

According to a study by Hamburg Commercial Bank (HCOB), 13 American companies — including Citigroup Inc. C and JPMorgan Chase & Co JPM —  have already begun doing so. Real T is among those real estate tokenization pioneers providing hope for millennial homeownership — albeit in a way they might not have expected.

Tokenized Real Estate With Real T

According to metrics provided to Benzinga, Real T is an emerging player in real estate tokenization. 

As of June 31, RealT tells Benzinga it has reached $46 million in sales, more than 200 tokenized properties and over 860 units in areas like Detroit, Chicago and Cleveland — compared to other operators in tokenized assets, Real T boasts of a large cohort of investors who act incredibly quickly.

In fact, Real T tells Benzinga that over 9,520 investors from 135 countries have used Real T to purchase tokenized real estate. Given Real T’s extreme accessibility and the power of crowdsourcing, the average time of sale for a $1 million property listed on Real T is reportedly just six minutes!

These numbers may reflect excitement surrounding tokenized real estate as the future of property ownership. Throughout this sector, and within the decentralized finance (DeFi) sphere, the Real T brand has reportedly achieved worldwide notoriety, energizing and attracting an online community of 57,000 members. 

In less than three years, Real T reported the following milestones:

  • Q3 2019: The first worldwide standardized tokenization platform
  • Q4 2019: World’s first integration of security tokens on a decentralized exchange
  • Q4 2020: Multichain with the launch on Gnosis Chain (then xDai)
  • Q1 2021: Launched the “re-investment” property
  • Q4 2021: Launched payments with Request Network
  • Q1 2022: Launched RMM, the world’s first real estate token-lending platform, through a partnership with Commutatio Holdings Ltd, a British Virgin Islands holding company established to operate RMM.

Real T’s achievements with tokenized assets have reportedly made it the second-largest protocol on the Gnosis Chain, and the 133rd most important protocol in DeFi, according to the Defi Lama. Since the launch of the RealToken platform in February of last year, token owners have risen from 59 holders to 5,180, an increase of roughly 8,680%.

Check out Real T’s geographical listings and click here to get started.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Featured photo by Naomi Hébert on Unsplash