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Bank of Russia to Start Testing Digital Ruble With Real Users on April 1

Bank of Russia to Start Testing Digital Ruble With Real Users on April 1The Central Bank of Russia plans to launch test operations with digital ruble transactions between real customers at the beginning of April. More than a dozen banks will join the upcoming stage of the pilot project, a high-ranking representative of the bank announced to Russian media. Russia’s Monetary Authority to Trial Actual Settlements With Digital […]

Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-DollarizationDuring the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same […]

Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala

Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in Brazil

Picpay Rolls Out Crypto Trading Options to More Than 30 Million Users in BrazilPicpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in […]

Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala

Tokenized real estate market could hit $1.4T despite a slow start, report claims

London-born advisory and accountancy network Moore Global has published a new report gathering expert opinions worldwide about the future of the tokenized real estate market.

Tokenized property remains niche, largely due to its relative novelty and remaining regulatory uncertainties. Yet a new report has noted that even if just 0.5% of the total global property market were to be tokenized in the next five years, it would be on track to become a $1.4 trillion market

In recent years, the total value of the global real estate market has hit a staggering $280 trillion, eclipsing most other major asset classes and on par with the value of total global debt accrued by 2020. Moore Global, a London-born international advisory and accountancy network, has published a report collating expert opinions worldwide on the potential of tokenization for this thriving, if traditionally illiquid, asset class.

For Dan Natale, Moore Global’s real estate and construction leader and a managing partner of Segal LLP in Toronto, blockchain's key benefit to the sector is a boost to liquidity by providing efficient, disintermediated infrastructure to underpin new secondary markets. David Walker, a managing partner of Moore Cayman who works as an auditor specializing in digital assets, has for his part claimed that the transparency and security of the technology also offer evident advantages from an auditor’s perspective.

Until now, the expansion of real estate tokenization has fallen short of expectations, due in part to institutional investors’ hesitancy and the absence of established secondary markets for security token trading. This, however, may be gradually changing, with the United Kingdom’s Financial Conduct Authority granting an operational license to digital security exchange Archaz in August of last year. One year prior, Germany’s Federal Financial Supervisory Authority (BaFin) had approved its first blockchain-based real estate bond, issued on Ethereum.

Related: Tokenized Real Estate Hasn’t Lived Up to the Hype: Property Researcher

Andrew Baum, director of the Future of Real Estate Initiative at Oxford University’s Said Business School, thinks that tokenization in real estate could finally take off if there is evidence of investor demand for fractional ownership – something that advocates of tokenization have championed since 2017

Last summer, a security token representing fractional ownership in the luxury St. Regis Aspen Resort in Colorado went live on Overstock’s regulated tZERO exchange, attracting record trading volumes. Within less than a month, however, with the token seeing a relatively flat performance amid the coronavirus slowdown, investors were being offered major discounts on their stays at the resort to help boost the token sales. tZERO has nonetheless recently struck a partnership to tokenize $18 million worth of shares in NYCE Group – a platform hyped as a potential “Robinhood of real estate investing.”

Trader Turns Bullish on Altcoin Amid Breakout of Accumulation Range, Maps Path Forward for Sei and Gala