🌕 Gate Square · Mid-Autumn Creator Incentive Program is Live!
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
💡 Post Ideas:
1️⃣ How do you see AI tokens evolving?
2️⃣ Wh
Revolution in Real Estate: 1B US Dollars Worth of Asset Tokenization
Lumia Foundation and Sen Group have announced a $1B+ framework agreement to tokenize real estate properties, marking a transformative moment for the industry.
The partnership marks the first-ever full-scale tokenization of an entire real estate property. As part of this initiative, the first fully tokenized property will be unveiled during a press conference at the World Economic Forum in Davos on January 23, where Lumia will showcase its advanced tokenization technology via the Lumia HUB.
It took less than 6 months for the Lumia Foundation and Real Estate giant Sen Group to finalize the legal and regulatory framework for this landmark deal, ensuring compliance with Turkish legislation.
Market Potential
“We’ve seen significant investor interest even during the preparatory phase of the tokenization. The prospect of completing the first-ever full-scale tokenization of an entire property is truly inspiring. The opportunities for RWA in real estate this year are phenomenal,” noted Kal Ali of Lumia Foundation.
Detailed information about the tokenization will be presented at a press conference by Lumia Foundation on January 23 during the World Economic Forum in Davos. The upcoming Davos presentation will highlight how tokenized properties integrate seamlessly into DeFi ecosystems, enabling trading, lending, borrowing, and staking
Empowering Small Investors
The tokenization will make high-value real estate investments accessible to smaller private investors. Traditionally, investing in Turkish real estate required substantial capital, often supplemented by loans. However, with tokenization, ownership of the real estate will be open to anyone.
This innovation is expected to bring significant capital into the real estate market, contributing to the development of the Turkish economy
The popularity of Real World Assets (RWA) as an investment class has grown exponentially over the past year. In April 2024, BlackRock, the world’s largest investment fund, announced its entry into the RWA market. Experts predict the RWA market will expand to $10 trillion by 2030.
The post Revolution in Real Estate: 1B US dollars worth of asset tokenization appeared first on Cryptonewsland.