Realecoin Partners with Securitize to Launch Tokenized Real Estate Security
Realecoin, an Ethereum-based real estate fund, has partnered with Securitize, software compliance platform, to launch a new digital security token. The company intends to address the challenges of accessibility and liquidity that face the real estate industry.
The new tokenized real estate security – RC – will represent a small ownership interest in Realecoin, a real estate fund. Realecoin has been in the market for long, offering cryptocurrency holders and other kind of crypto investors the opportunity to invest in a fully compliant tokenized real estate fund in the U.S.
Speaking about the new initiative the Co-Founder of Realecoin, Andy Strott, said that:
“We at Realecoin have aimed to build a product that first and foremost benefits our investors. We have partnered with leading experts in the field in an effort to ensure a compliant, secure and successful product. With the help of Securitize, a pioneer in this industry, we plan to stay at the forefront of blockchain technology as this industry develops, always striving to implement its most advanced aspects for our investors.”
Adding on this, Carlos Domingo, the CEO and co-founder of Securitize, noted that:
“Realecoin offers a unique investment opportunity through the tokenization of real estate assets, usually considered to be a very illiquid asset. The management team’s lengthy track record, alongside their commitment to regulatory compliance, makes this an exciting venture for Securitize.”
Realecoin is a real estate fund that’s built on the Ethereum blockchain. It invests in income-producing multi-family housings needing renovation or redevelopment, and those in distressed mortgage debt.
It’s token is completely compliant with the SEC, and was only made available to accredited investors.