Smartlands, a blockchain based securities platform, has partnered with leading real estate company Colliers International to create real estate-based security tokens.Blockchain for Real Estate
Stellar-based security tokenization platform Smartlands has partnered with Colliers International, a Canadian multinational commercial real estate services company. The two firms will work together to explore the possibilities of tokenizing real estate assets and work on a project to securitize specific properties managed by the real estate giant.
The deal was inked earlier on Thursday in Lithuania and announced on the blockchain firm’s official website on Friday. Colliers International is a 15,000-person strong organization operating out of 500 offices in 69 countries. The company clocked an impressive $2.7 billion in revenue in 2017 by managing over two billion square feet of real estate.Benefits of Tokenizing Properties
The use of the Smartlands platform will allow Colliers to issue security tokens against specific selected properties. Security tokens, unlike utility tokens, are regulated financial securities like stocks. The issuer of security tokens can raise liquidity from around the globe by transferring ownership to the holders of the digital asset.
Ramune Askiniene, CEO of Colliers International Advisors in Lithuania, said:The global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization. We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar.
Arnoldas Nauseda, CEO of Smartlands Platform, said:Creating liquidity for a property of any kind w...