1/8/2022: In an Australian first, B4Real and Tribe Digital Ventures (TDV) have recently announced their partnership, which brings together the power of blockchain to real estate in the form of tokenisation fractionalised ownership offerings.
Todd Pierce, a spokesman from B4Real, said that affordability is a serious problem in the real estate market with large cohorts being squeezed out due to their economic circumstances.
He said that the tokenised real estate offerings B4Real and Tribe Digital Ventures are bringing to the market are an Australian first and will finally give people an institutional grade low-cost way to build a property investment portfolio, without requiring large sums of cash upfront.
CEO of B4Real, Caroline Macdonald said that both B4Real and Tribe Digital Ventures have a unique first mover advantage, not only due to their combined extensive experience and networks built over the last 30 years but also the AFSL licenses they have worked tirelessly to secure over the last two years, which highlights a compliant path.
“Our combined extensive commercial networks and AFSL licensing places us in a very strong position when it comes to security token offerings (STOs) in Australia,” she said
Pierce said that the significant benefit of tokenisation is that it allows a more simplified entry and exit, meaning that it makes real estate assets liquid.
“Traditionally, real estate has been considered an illiquid asset that requires large sums of cash upfront for entry,” Pierce said.
“The product B4Real and Tribe Digital Ventures are bringing to market removes the high-cost barrier to entry and makes the asset liquid by using tokens.
“Our goal is to create a vehicle that helps the institutional and wholesale investors have access to real-life digital assets and earn extra income and also innovate the way that developers raise funds to build their developments”
Chris Evans, CEO of Tribe Digital Ventures, said that the aim…
