Dubai Starts Real Estate Tokenization Pilot, Forecasts $16B Market by 2033
The Dubai Land Department’s initiative aims to expand access and transparency for property investments using blockchain rails.
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Tokenization
The Dubai Land Department’s initiative aims to expand access and transparency for property investments using blockchain rails.
Gold-backed tokens have enjoyed a resurgence in activity recently as gold prices hit record highs.
Superstate Services will first support the firm’s two funds with plans to expand services to other issuers as the market for tokenized securities grows.
The program aims to drive innovation in tokenized real-world assets as blockchain adoption accelerates.
Ondo Finance’s native token, MANTRA’s OM and Chintai’s CHEX posted double-digit gains during the crypto rebound, while many altcoins still nursed losses.
Plural Energy is already tokenizing renewable energy projects; it wants these assets to permeate through the crypto ecosystem.
Sonnenshein left asset management firm Grayscale, issuer of spot bitcoin and ether ETFs, earlier this year.
The National Commission of Digital Assets is the agency in charge of regulating crypto in El Salvador, the first nation to accept Bitcoin as legal tender.
The tokenization platform is part of Tether’s ambition to diversify its business from issuing the $126 billion USDT stablecoin.
A notable 65% of the survey respondents are bullish long-term, with 63% mulling more allocation to digital assets in the next three to six months.