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A new tokenized real estate platform, RealEstate.Exchange (REX), has launched on the Polygon blockchain, aiming to democratize real estate investment. Developed by DigiShares, the platform facilitates fractional ownership of properties, opening up opportunities for retail investors. REX seeks to address the traditional illiquidity of real estate by providing a secondary market for tokenized property shares.
The platform's initial offerings include luxury properties in Miami, Florida, such as units within The Legacy Hotel & Residences and a residential complex. This focus on high-value assets underscores the platform's ambition to attract a broad range of investors. DigiShares plans to expand its listings to include various property types, encompassing residential, commercial, and luxury real estate.
Polygon was selected as the platform's blockchain of choice due to its low transaction fees, rapid settlement times, and robust security infrastructure. These features are crucial for facilitating efficient and secure trading of tokenized real estate assets.
REX emphasizes regulatory compliance, holding a U.S. license through Texture Capital, a registered broker-dealer with the Securities and Exchange Commission. The platform is also pursuing registrations in the European Union, South Africa, and the United Arab Emirates, indicating its global ambitions.
DigiShares, the parent company of REX, has a track record of facilitating significant volumes of tokenized real estate assets, indicating experience in this emerging market. The launch of REX signifies a step forward in the growth of real-world asset (RWA) tokenization, a sector that is projected to experience substantial growth.