Texas-based Commercial Real Estate (CRE) market place Carmine Swan has tokenized $two.2 billion worth of real estate avails in partnership with security tokenization firm Polymath.

Red Swan said information technology has 30,000 accredited investors already registered to use its platform, and has plans to tokenize a further $4 billion in holding over the longer term. Carmine Swan will profit by keeping a percentage of the equity sold.

The issued tokens represent 16 acme-tier backdrop including mid-rise and high-rising apartments in California, New York, and Texas, and a 150-acre hemp farm in Canada's Ontario province. Tokens worth $780 million will be sold in a pre-sale to accredited investors in what is believed to comprise the world'south largest sale of tokenized real estate to date.

Token sale to target investors with $500K to $ten 1000000

The token auction will target investors seeking to deploy betwixt $500,000 and $10 million — who lack the capital to purchase peak level 'Course A' commercial real estate in traditional markets, and have been forced to consider lower-grade, riskier investment opportunities.

Red Swan believes that the tokenization of real estate will allow capital to circulate faster and more freely inside the property market place, unlocking equity that would otherwise be unable to circulate for long periods of time.

Real estate tokens come of age in 2022

Tokenization of real estate has seen a strong start to 2022.

On Feb. 8, African tokenization platform Flyt announced plans to conduct the continent'south first security token offering (STO) for real estate. The company's FLYT token volition be used to redeem shares in the Flyt hospitality Fund — a South African-registered fund that invests in hospitality property and apartment-hotels.

On January. xv, blockchain real estate visitor BrickMark purchased an fourscore% stake i,600-square-metre commercial part located in the fundamental concern commune of Zurich in Switzerland. The purchase was made in commutation for $135 meg worth of its BrickMark tokens.