Tezos Blockchain To Get $300M By Real Estate Giants Vertalo & tZero
Tezos will receive a 20% increase in liquidity, thanks to the release of real estate tokens of $300 million. They will be tied by lots of $90 million to the hotel property of Pennsylvania and Costa Rica, owned by an American developer Real Estate Capital Management.
The deal is registered in SEC, as the release of security-token in a notification procedure, a startup consulting firm Advantage Blockchain.
State registration acts as an alternative to the traditional way of processing real estate transactions, allowing you to avoid paying collateral and paperwork. This will significantly reduce the cost of investment and make it easier to buy and sell on the secondary market, which will take up the platform tZero.
Currently, the exchange trades only shares of the parent company — retailer Overstock and its own tokens issued during the ICO. Real estate security tokens will “revive” the platform, if the deal is successful, it will support XTZ with the possibility of staking, buying and selling.
Advantage Blockchain also hopes for the success of the project, it already made 4 more deals on real estate tokenization. All of them can be integrated in Tezos blockchain. This is required by startup Vertalo, which is responsible for technical implementation and maintenance of the turnover of real estate security-token.
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