– Two seasoned real estate pros are peddling a new idea: tokens – not the kind you get at the arcade, but for property renovations. Yes, like Bitcoin for Buildings!

– The couple of connoisseur currency traders took their crypto gospel to the Inman New York audience, perhaps hoping that they get tipped in Bitcoin instead of applause.

– The keynote for their talk? Tokenization could be the golden ticket to funding massive commercial renos. Swipe right, traditional lending. There’s a new player in town!

– The two tokenicians see tokenization as a chance to democratize commercial investments, extracting these lofty assets from the clutches of the filthy rich and sharing the spoils. Share the wealth – or should it be, share the lack-of-wealth?

– This isn’t a universally accepted idea, though. Many investors are at best crypto-curious, with most sticking firmly to the dollar. But, hey, you can’t revolutionize the world without breaking a few piggy banks.

– Regardless of the healthy dose of skepticism showered upon the idea, both agents believe deeply in the potential democratizing, and not to forget stabilizing, effect tokenization can provide in the real estate market.

– With a wink, they hinted that future projects they undertake would intentionally include tokenization as a part of the financial package. Now isn’t that a novel way to play Monopoly!

Real Estate and Crypto: The New Power Couple?

Tokenization, the New Mantra for Funding Commercial Realty!

A Bout of Crypto-curiousness or a Genuinely Uprising Trend?

Oh, how the times change, don’t they? Our grand-parents trusted banks, our parents trusted investments, and we… well, we trust invisible internet coins. Two agents professing the benefits of real estate tokenization have attempted to merge the worlds of property and cryptocurrency – honestly, a pairing that seems more unpredictable than peanut butter and durian. But, in a world that has normalized pineapple on pizza, is any fusion truly off the table?

This swanky proposition suggests using tokenization as a means to fund commercial renovations and democratize investment – yep, ’cause nothing screams “fair and equitable” like a volatile, largely misunderstood virtual currency. It’s like turning a roller coaster ride into a flat walkway. But, if it works, this could be an innovative solution to sourcing funds and creating potentially profitable, smaller-scale investments. I guess I’m crypto-curious now? Watch this space, ladies and gentlemen – Construction and Crypto could be the next Kimye!

Original article: https://www.inman.com/2024/01/25/tokenization-of-real-estate-isnt-next-its-now/