Hamburg Commercial Bank AG (HCOB) and the Frankfurt School Blockchain Center (FSBC) at the Frankfurt School of Finance and Management have published a study on the tokenization of real estate using blockchain technology. In it, they conclude that this method can revolutionize the conservative real estate market.
According to the HCBO and FSCB, when a property is tokenized, the ownership rights associated with the property are tokenized or digitally securitized in direct form. This is done with the help of blockchain technology. Blockchains are digital data records that are difficult to manipulate and form the basis of cryptocurrencies such as bitcoins.
According to the HCOB and FSBC, this procedure could, among other things, save costs for issuers who are responsible for issuing securities. It could also reach more investors, as the method allows real estate to be divided into the smallest tradable units. For the study, those responsible examined and compared providers of tokenized real estate worldwide. Interested parties can find all the results at: hcob-bank.de.
Source: hcob-bank.de
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