The Chintai team has made a strong case for tokenized real estate assets on EOS.
According to a recently published article, they have already developed a comprehensive industry solution, including an integrated issuance portal and secondary exchange functionality, which automates regulatory compliance. Additionally, they created a go-to-market strategy and are currently working with a group of strategic advisors, forging new partnerships behind the scenes.
Chintai, a general-purpose security token issuance platform based on EOS, has recently made the real estate market their main focus. They share multiple reasons for why the real estate market is perfectly suited for tokenization and most likely will be one of the first major sectors to adopt DLT technology.
Key benefits include:
Through fractionalization, real estate assets can virtually be broken down into smaller units, which effectively enables the creation of liquid markets.
Through reliable automatization of processes that are currently still being done manually, lots of administrative overhead becomes obsolete and trading can continue 24/7.
DLT-based real estate markets provide a transparent, immutable and mutually trusted single source of truth, which removes friction and lengthy audits between parties that currently rely on their own disparate data sources.
The Chintai team has also looked into other platforms for tokenized real estate on other blockchains, and their research concluded that the EOS Mainnet is by far the superior choice. That is in terms of speed and transaction cost, as well as regulatory and compliance requirements. Tokenized real estate on EOS can be 100% on chain, which is a requirement for full compliance.
We highly recommend reading the article, and we’re looking forward to real estate on EOS powered by Chintai.