BlockchainMarket

REIDAO Uses Blockchain to Increase Real Estate Investment Opportunities

Singapore-based REIDAO has revealed that it is set to create digital assets that are backed by real estates. REIDAO is tokenising real estates on the Ethereum blockchain, increasing the availability of real estate opportunities to people who would not be able to access them previously by offering partial investments, rather than larger and more costly ones.

Darvin Kurniawan, CEO and co-founder of REIDAO, said: “Rising prices of real estate limits the ability of individual investors with limited funds to invest in any real estate, REIDAO aims to open up the market to everyone with an interest in investing in real estate. By using Ethereum based ERC20 tokens we can fractionalise real estate ownerships to smaller portions.”

 

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Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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