Global Blockchain Development Company Hashcash Consultants Has Joined Hands With a Singapore Based Realty Enterprise to Help Them With Real Estate Tokenization.
Global pioneers in blockchain-based real estate solutions, HashCash Consultants is working with a Singapore based leading real estate enterprise. They are going to help the later by extending their expertise in real estate tokenization through a DLT platform to facilitate fractional ownership of properties.
HashCash has its very own real estate tokenization platform that comes with a plethora of advanced attributes, streamlining and reforming property management and related operations. They will build a similar platform for the partner company so that they can make use of the benefits of property tokenization within their business infrastructure.
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Speaking about blockchain’s disruption of the property business, CEO of HashCash Consultants, Raj Chowdhury commented, “The traditional architecture of the real estate industry lags in technological aspect, considering that it deals with the largest asset class in the world. The advent of blockchain technology has brought forth the opportunity to reform the property industry and create better investment opportunities within the sector. Real estate tokenization is one of the many beneficial aspects of blockchain integration that is poised to bring a landmark change in the approach towards real estate investments in the coming days. Our endeavours are directed towards the acceleration of real estate modernization through blockchain integration.”
Real estate tokenization is a unique use case of blockchain within the property business realm. It allows fractional ownership of property, meaning that more than one person or entity can claim ownership of a single property. In this process, the estate is equally divided into multiple shares, with the same value, and tokenized to be sold on a blockchain-based platform.
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Tokenization of property lowers the financial barrier of entry in a real estate investment opportunity, allowing investors with even small capital support to claim partial ownership of the property. It not only helps raise the value of the property but helps in equal distribution of profit from the property as well as equality in maintenance charges as well.
HashCash Consultants will be helping the Singaporean partner enterprise, leverage the power of HC Net (HashCash’s blockchain network) and develop a tokenization platform where the estates can be divided and tokenized to be presented and sold to potential investors.
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