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Real Estate 3.0: Tokenizing RWA’s with Sologenic
November 03, 2023
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In recent years, the world of real estate investment has witnessed a significant transformation through tokenization. This innovative process involves converting real-world assets (RWAs) into digital tokens via the blockchain. The current value of the tokenized real estate market is approximately $200 million. However, given that the present value of the global real estate market is thought to be $317 trillion, a 0.5% tokenization rate would create a trillion-dollar industry. It’s clear that this investment avenue is gaining substantial momentum and will have a huge impact on the next market cycle.

Tokenization revitalises traditionally illiquid markets, such as real estate, by allowing investments to be fractionally owned, significantly enhancing liquidity and broadening accessibility to assets that might otherwise be financially out of reach for many. — Michael McCaffrey, Business Development at Sologenic

In its simplest form, tokenized real estate is the process of converting real estate property or its cash flows into blockchain tokens. This transformation enhances liquidity, streamlines processes, and enables digital ownership. The blockchain infrastructure and solutions provided by Sologenic and the XRPL, ensures the security and transparency of these assets, offering various forms of representation based on the goal and the property being tokenized.

XRPL

By leveraging the XRP Ledger, known for its innovations in the realm of digital payments and cross-border transactions, developers within the ecosystem are taking strides into the world of tokenized real estate with forward-thinking solutions. XRPL’s native DEX, low cost and institutional grade security, address long-standing challenges within traditional real-estate markets where assets lack liquidity and streamlined processes.

Sologenic: Empowering the Future of Tokenized Real Estate

Sologenic takes a prominent role in addressing the challenges within tokenization by offering holistic solutions built on the XRPL. As the market continues to grow into 2024, Sologenic plans to integrate and provide solutions in bridging the gap between conventional real estate practices and the evolving domain of tokenized assets; creating a future where real estate investment has greater inclusivity and heightened efficiency.

The SoloDEX currently has a Real Estate Category, and offers a few tradable assets with more planned for future listings.

  • Increased Liquidity: The XRP Ledger connects global real estate markets with cryptocurrencies, enabling fractional ownership, increasing transparency, and reducing counterparty risks. This enhanced liquidity benefits investors and facilitates easier transactions.
  • Optimising Costs: By leveraging the XRPL’s advanced infrastructure, Sologenic is able to make real estate transactions efficient, reducing unnecessary costs.
  • Lowering Barriers to Entry: The XRP Ledger ensures fractional ownership, allowing smaller-scale investors to participate in real estate investment by removing the need for significant upfront capital. This inclusivity expands market participation and opens up opportunities for a broader range of people.

While real estate tokenization presents enormous opportunities, it also comes with challenges like regulatory complexities, technical issues, market acceptance, and shared costs. Sologenic is aiming to provide innovative solutions for these challenges, ensuring that real estate becomes an accessible and effective investment avenue.

About Sologenic

Sologenic’s regulated arm is deploying a platform with a hybrid model for the on-demand tokenization of assets. The platform facilitates trading between crypto and off-chain traditional assets such as stocks, ETFs, and Real Estate. The institutional-grade offering is designed for RIA’s, brokerage houses, family offices, banks and other financial institutions looking to tokenize real-world assets for their clients.

Learn more at www.sologenic.com

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

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XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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