Trending...
- Santa Monica Businesses Push Back on Bus Stop Relocation That Threatens Access and Safety
- GreenPal Empowers Lawn Care Pros Leveraging AI, Surpasses 5 Million Transactions
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science
REINNO tokenized an office building in Stamford, Connecticut to replace traditional bank financing.
STAMFORD, Conn. - nvtip -- After successfully tokenizing a $105-million-dollar commercial real estate (CRE) fund last month, REINNO issued tokens backed by a multi-million-dollar commercial building in Stamford, CT. The tokens were created on the Ethereum blockchain utilizing industry and regulatory standards. In addition to the technical side of tokenization, REINNO provided all the necessary resources for the project, including establishing the legal structure.
Tokenization as a New Financing Tool
Real estate tokenization creates digital representation of equity and/or debt in the form of securitized digital tokens. It is a tool that makes financing and capital raising easier, faster, more efficient and secure. However, there is a lot more involved than just creating the tokens. For tokenization projects to succeed and disrupt the real estate industry, the tokenization company has to have a deep understanding of the industry in addition to knowing the technology.
More on nvtip.com
"That is where REINNO stands out. Unlike its competitors, REINNO provides not only tokenization but also additional services, from regulatory compliance and legal structure to lending against real estate tokens to create liquidity," said Viktor Viktorov, CEO of REINNO. "In addition, we are excited to have partnered with a fully-regulated security token exchange to create greater liquidity for investors."
The Deal
Most tokenized properties are offered to investors in the form of security token offerings. In the case of this commercial building, the owners are not planning to sell. Instead, they will use tokens as loan collateral. REINNO has a proprietary risk assessment model which allows it to almost instantly lend money against CRE tokens. This is a true breakthrough for the real estate market that has been inefficient for years. In the traditional model, borrowing against real estate is expensive and time-consuming, especially when dealing with banks, lawyers and title companies.
More on nvtip.com
"Thanks to tokenization and our proprietary lending platform, leveraging an equity investment and pledging tokens to take a loan is possible in just a few minutes," said Barry Monies, co-founder of REINNO. "Moreover, fractional ownership makes it possible to use a portion of tokens as collateral rather than putting a lien on the entire property."
The Future
We are in the early stages of both blockchain and tokenization. Like any other technology, it has to be made simple in order to achieve mass adoption. As more successful projects appear on the market, the public is enticed to learn about the new technology and its applications. Once there is a history of tokenization bringing real liquidity, we can expect wider adoption. REINNO has many deals in the pipeline and is on its way to becoming the one-stop shop for tokenizing real estate and the services associated with this asset class.
Tokenization as a New Financing Tool
Real estate tokenization creates digital representation of equity and/or debt in the form of securitized digital tokens. It is a tool that makes financing and capital raising easier, faster, more efficient and secure. However, there is a lot more involved than just creating the tokens. For tokenization projects to succeed and disrupt the real estate industry, the tokenization company has to have a deep understanding of the industry in addition to knowing the technology.
More on nvtip.com
- SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® ELECTS INCOMING OFFICERS
- California Family Launches Billboard to Reach "Pardon Czar" Alice Marie Johnson
- Rent Like A Champion Acquires CollegeWeekends
- Sumter Landing Dental Care Launches Summer Special on Full Mouth Reconstruction
- Seligson Law Launches New Website to Support Cannabis Businesses in California and New York
"That is where REINNO stands out. Unlike its competitors, REINNO provides not only tokenization but also additional services, from regulatory compliance and legal structure to lending against real estate tokens to create liquidity," said Viktor Viktorov, CEO of REINNO. "In addition, we are excited to have partnered with a fully-regulated security token exchange to create greater liquidity for investors."
The Deal
Most tokenized properties are offered to investors in the form of security token offerings. In the case of this commercial building, the owners are not planning to sell. Instead, they will use tokens as loan collateral. REINNO has a proprietary risk assessment model which allows it to almost instantly lend money against CRE tokens. This is a true breakthrough for the real estate market that has been inefficient for years. In the traditional model, borrowing against real estate is expensive and time-consuming, especially when dealing with banks, lawyers and title companies.
More on nvtip.com
- RISE Festival Partners With Globally Renowned Tao Group Hospitality To Unveil "The Sanctuary"
- databahn Announces Subscription Access to Fortune 500 GenAI Deep Dive Sales Intelligence Reports
- AI startup Congero offers instant websites with 24/7 updates - aiming to replace web agencies
- Lucid, Nuro, and Uber Partner on Next-Generation Autonomous Robotaxi Program
- WonderDays Launches the UK's First AI Experience Gift Finder – Gifting Just Got So Much Easier!
"Thanks to tokenization and our proprietary lending platform, leveraging an equity investment and pledging tokens to take a loan is possible in just a few minutes," said Barry Monies, co-founder of REINNO. "Moreover, fractional ownership makes it possible to use a portion of tokens as collateral rather than putting a lien on the entire property."
The Future
We are in the early stages of both blockchain and tokenization. Like any other technology, it has to be made simple in order to achieve mass adoption. As more successful projects appear on the market, the public is enticed to learn about the new technology and its applications. Once there is a history of tokenization bringing real liquidity, we can expect wider adoption. REINNO has many deals in the pipeline and is on its way to becoming the one-stop shop for tokenizing real estate and the services associated with this asset class.
Source: REINNO
0 Comments
Latest on nvtip.com
- "The Pornified Generation": Dr. Chris Samuels Exposes the Toxic Alliance Between Bro Culture and Pornography That's Rewiring a Generation
- The Modern Insurance Store Expands Medicare Help Services for Seniors in Cincinnati
- Ironside HR Named Fastest-Growing Staffing Firm for Second Year
- Inframark Continues to Build Its Community Management Capabilities and Multi-Disciplinary Presence in Arizona
- ICAST 2025: The Crystal-Clear Revolution Begins at Booth #3233
- Brindle Pet Supplies Now Carries Badlands Ranch Dog Food in Canada
- $10 Million Allocated to Establish Crypto Treasury Focused on High Value Ethereum (ETH) & Bitcoin (BTC) as Long-Term Holdings for Cybersecurity Leader
- Sing For Your Supper: A Night of Musical Comedy and Drag for a Great Cause
- Cummings Graduate Institute for Behavioral Health Studies Celebrates New DBH Graduates
- $100 to $200 Million Equity Agreement with Top Digital Advisor Bitwise to Power Major Digital Asset Initiative for Bitcoin and Solana: OFA Group
- New Collaboration Launches Corporate ESG Solution for Responsible Decommissioning and Transparent Reporting
- SlickCashLoan Launches Free Loan Calculator to Help You Plan Monthly Payments
- EigenQ and WNC Announce Strategic Collaboration to Deliver FIPS-Certified Quantum-Safe Hardware at HPE Discover 2025
- TikTok Star ArcadeFriends Attempts 24-Hour Claw Machine Marathon at Lucky Puppy Arcade in Las Vegas
- Pyro Marketing Launches New Website to Accelerate Growth for Fitness Brands
- KCON LA 2025, 106.3 RAIN FM 'Take Over' Special Event
- After 80+ Years, the National Hardware Show Transforms Itself with a Bold New Mission: Getting Products to Market Faster, Smarter, and More Profitably
- The Citizens Commission on Human Rights Annual Purple Heart Day Event will be Hosted at the Historic Fort Harrison
- Blake Harris the Leading Authority in International Asset Protection Joins Tom Hegna on "Financial Freedom with Tom Hegna"
- Psychedelics for Vets? CCHR Cites History of Exploitation and Failed Science