In this interview, Frank Muradov elaborates on his views and predictions on tokenization within the real estate industry and the different aspects within it.
Frank Muradov is the COO of Park Rock Capital, an alternative (private debt) real estate finance firm and a senior vice president of Veloce Capital, a real estate private equity investment fund. Muradov spoke to Max Smetannikov, The Tokenizer New York columnist.
The Tokenizer: Last time we spoke you were exploring strategies for tokenizing your real estate assets. Real estate is the next great thing in digital assets, according to research. Where are you in this process? Have you picked a tokenization firm?
Muradov: I definitely see the trend towards tokenizing real estate assets and basically creating the stable coins and really giving access to global investors to invest in real estate, which sometimes is inaccessible. And I think tokenization will actually create opportunities for massive public participation – people are ready to really take a piece of the action in this whole world of investing in real estate. So I think that’s definitely going to happen. So I’m a firm believer that, you know, that’s where the next step, the big step, is.
I have started talking to some people about the possibility of working together on securitizing, or tokenizing, the CMBS – Commercial Mortgage-Backed Securities. Basically, tokenizing the real estate investment loans, the loans that are collateralized by the real estate. It’s not tokenizing the real estate asset directly but tokenizing the real estate loan, or private loan, which actually has underlying collateral. So obviously, you know, this is something that has not been happening. I’m in the space of private debt and private equity. There’s a huge potential to create liquidity through this mechanism, by tokenizing the CMBS or private commercial loans. This would help scale-up lending, provide cheaper capital for borrowers and really create…
