Polymath is recognized as a leader in the tokenization sector. These steps included tokenizing the properties, programming smart contracts, and maintaining the integrity of the platform. Polymath – An Industry Leaderįor its part, Polymath provided all the technical aspects of the tokenization. This licensing would allow the company to manage assets for accredited investors moving forward. Securities and Exchange Commission as a registered investment adviser. By this time, the firm hopes to receive approval from the U.S. Importantly, Red Swan intends to hold investors’ funds in escrow until the distribution date in mid-April. Secondly, the company has the positioning to ensure its concept makes it to the market in a timely manner. For one, executives pointed out that the company is a commercial real estate firm and not another tech group. Red Swan believes that it has what it takes to pull through where the competition failed. Red Swan – Succeed Where Others Have Failed Specifically, Austin and Houston, Texas, Brooklyn, N.Y., Oakland, California, and Ontario, Canada. These properties are located throughout the US. Importantly, the $2.2 billion represents shares in 16 different Class A commercial properties. Once complete, the firm will continue with an additional $4 billion in real estate that is currently sitting in its tokenization pipeline. Unfortunately, both were quietly retired after complications made the concepts unworkable.Īccording to company documents, Red Swan will make $780 million worth of shares available to accredited investors via a pre-sale. Both of these ambitious projects sought to tokenize real estate funds in the millions. Also, he pointed to two other major tokenization failures from the last two years, the Fluidity and Propellr projects. Specifically, Moore cited attempts by Harbor in which the company was forced to abandoned the strategy after paperwork issues began to plague the project. Consequently, these tech firms were never able to create a real solution to service the private real estate sector in a manner that was conducive to growth. He explained that these projects lacked true experience in the real estate sector. The news demonstrates further maturing of the real estate tokenization sector, as well as, one of the largest and most ambitious tokenization projects to date.ĭiscussing the maneuver, Graeme Moore, head of tokenization at Polymath took a moment to speak on some of the previous tokenization efforts made by competitors. The partnership allowed the firm to tokenize $2.2 billion in properties across the US. This week, the firm announced a new partnership with the popular tokenization platform, Polymath. ![]() The New York City-based commercial real estate firm, Red Swan just raised the ante in the race to integrate tokenization into the market.
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