Several courts in China have implemented blockchain technology as a way to secure properties with an electronic seal. The Executive Bureau of the People's Court in Haidian District, Beijing, has reportedly deployed a blockchain-based electronic seal to secure a property in Chaoyang district. E-sealing system applies blockchain to protect the property By applying blockchain-powered e-sealing, courts are able to securely monitor a property in real-time with help of video surveillance, local news agency the Global Times reported on July 5. Specifically, if the property is disturbed or being damaged, the blockchain system automatically turns on a surveillance mode and sends …

French fintech firm ID Distribution announced a joint venture with local real estate firm Groupe JRI, amining to tokenize various properties in Paris. According to a June 17 announcement, ID Distribution and Groupe JRI plan to jointly issue security tokens and a Frankfurt listed bond to acquire buildings in downtown Paris. The total amount of funds to be spent, 70 million euros (about $78.5 million) will be allocated to acquire five buildings which will be then leased. The use of security tokens is meant to strengthen the capital more so than could be achieved with traditional debt instruments. Furthermore, ID …

Turkish real estate firm Antalya Homes announced that its customers can now pay for properties listed on its platform with Bitcoin (BTC). According to a June 15 announcement, Antalya Homes claims to have recorded the highest-valued real estate sale ever made while using Bitcoin as a payment in Turkey. Per the company, the coronavirus pandemic forced the real estate industry to innovate. More precisely, Antalya Homes reacted by offering virtual home tours and adding support for Bitcoin on its website. The firm’s chairman Bayram Tekce explained: “In the sale of a villa in Antalya, we recorded visuals of the house …

In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain. According to an announcement posted to the company’s website on June 8, Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas. The measures will be implemented before March 2021. Users staying in “Shamaison” rental homes will be able to register their phone numbers and addresses to enter the property without ever contacting a real estate agent. Existing technology makes it possible for Sekisui House clients to open and close …

After attempting to sell her home, California-based psychologist Mary Shea is suing buyer, Mike Cherwenka, for attempting to pay for 30% of the property’s value in the form of a “worthless” crypto asset called ‘Troptions.Gold.’ The dispute has left her unable to sell the home as Cherwenka’s company still claims an interest in it. Shea accuses Cherwenka and his company Best Buy Homes of violating securities and state racketeering laws by misleading herself and other members of the public as to the nature of the Troption virtual currency. Her complaint states: “Cherwenka and Best Buy defrauded Shea by executing a …

Real estate tokens have continued to post a positive performance for investors, gaining an average of 4.27% during April while top securities tokens suffered losses for the month. The combined capitalization of security tokens fell 8% in total — comprising one of the worst months on record for the nascent sector according to a report published by Security Token Group. April also saw the combined trading activity for security tokens plummet by 38%. Real estate tokens post April price gains The real estate token markets for single-family homes on Patton St, Lesure St, and an apparent building on Appoline St …

Crypto analysts AlfaBlok has published a report that claims the number of circulating Dai will need to increase by more than 70% each year in order for MakerDAO (MKR) to maintain its current capitalization of close to $350 million. According to AlfaBlok’s modelling, published May 5, the supply of Dai will need to exceed several trillion by 2040 — up from the current supply of roughly 100 million. The analysts said they had conducted “a fundamental analysis on this decentralized business based on discounted earning flows” and concluded: “The bottom line is that the current valuation implies very aggressive growth …

The nascent real estate security token, or REST, sector experienced consistent growth in Q1 2020. Three new properties were also listed on RealT during March — doubling monthly real estate token trade. RESTs now represent nearly half of active security token markets, and 15% of total volume. Tokenized real estate quietly garners liquidity During January, tokens representing fractionalized ownership in three properties in Detroit, Michigan produced $19,950 in monthly volume. The tokens represent fractionalized ownership in rental incomes generated by the property. Tokens for a home on Fullerton St. represented more than half of trade with $11,150 in volume. A …

Two companies have developed a blockchain-based solution to address the large number of vacant homes in the Japanese countryside. Securitize, a compliance platform for token issuers, has joined forces with Tokyo-based LIFULL to create a funding platform using digital securities to invest in real estate. According to a March 10 press release, the collaboration has been successful in proving that blockchain technology and digital securities are more effective crowdfunding for the Japanese real estate market than traditional methods. LIFULL Social Funding, in collaboration with BUIDL, a subsidiary of Securitize, will be using the new platform to revitalize many homes in …

Texas-based Commercial Real Estate (CRE) marketplace Red Swan has tokenized $2.2 billion worth of real estate assets in partnership with security tokenization firm Polymath. Red Swan said it has 30,000 accredited investors already registered to use its platform, and has plans to tokenize a further $4 billion in property over the longer term. Red Swan will profit by keeping a percentage of the equity sold. The issued tokens represent 16 top-tier properties including mid-rise and high-rise 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 building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today. The new owner of the building is Swiss real estate investment company BrickMark. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building. The tokens are currently available to accredited institutional investment professionals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in the property’s value. Here’s a Google Street View image of Banhofstrasse 52, the building in question. Located in the center of the city …

Major cryptocurrency exchange Huobi has partnered with a real estate firm in the United Arab Emirates (UAE) to allow real estate investors to pay in cryptocurrencies. The Singapore-based crypto exchange has entered a partnership with fäm Properties, a tech-driven real estate agency based in Dubai, to offer crypto payment options for its real estate investors, UAE-based business publication AMEinfo.com reports Jan. 12. Crypto to enable more stability and liquidity in the real estate market Specifically, the partnership enables fäm Properties to accept payment in cryptocurrencies like Bitcoin (BTC), Ether (ETH), XRP and other major cryptos including stablecoins, the report reads. …