Real Estate Tokenization and Blockchain
Blockchain, Bitcoin, crypto, stable coins, tokens, NFTs….the new technology just goes on and on and on. How in the world can we keep up with it all?
One of the really big things coming to real estate in the future I believe is this idea of tokenization. Once we start putting real estate on the blockchain it opens up ownership to many more people and it is expected to take out a lot of the friction and costs in transferring property today.
Imagine some day where if you have an extra $5, $10, $20k+ and you’d like to start investing in real estate. Your options are quite limited today. Now imagine if you wanted to own some real estate and you just purchase some tokens with ownership in a particular building. It may not be as easy as buying a stock but it might be easier than buying a car and certainly much easier than trying to buy property today.
If you’re interested in learning more, I’d recommend you take the 15 minutes and watch this excellent overview explaining the tokenization of real estate and how this will work on the blockchain by Interaxis.
About The Author
John Murphy
Husband of 36 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 18-34 and 6 grandchildren. My main work is helping commercial building owners and real estate investors save money on their income taxes by doing cost segregation. I work all over the U.S. but have a lot of clients here in SC and in the southeast in particular. The firm I represent is CSSI, LLC. I love the work! I’ve also been a licensed REALTOR since 2003 and broker since 2007 but my work is limited to just a few clients each year. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either CSSI, LLC or eXp Realty LLC or any other company, organization or group that I might be affiliated with.