Harbor crypto-project has agreed with iCap Equity to digitalize real estate for $100 million. Harbor has already issued tokens for it on the Ethereum blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details.
Harbor and $100 million in real estate
iCap Equity manages four real estate buying and selling funds. Together, the company manages assets of $100 million. According to the company, the Harbor crypto-project transferred these assets to the Ethereum blockchain by issuing share tokens.
Companies are confident that tokenizationToken
– is an accounting unit that is used to represent a digital balance in an asset.Details of real estate will allow customers to sell real estate much faster and cheaper.
Interesting in the section: Apartment for Bitcoins. Where you can buy a housing for cryptocurrency
"ICap provides investors with highly profitable investments. But such investments are usually accompanied by a temporary ban on sales for 3-5 years, as they relate to real estate. Now, together with Harbor, we can provide the same high profitability, but the ability to sell assets is much easier," says Chris Christensen, CEO of iCap Equity.
According to him, in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to get out of investments, investors need to find a buyer who would be ready to wait until the end of the temporary ban on the sale. Harbor, on the other hand, automates this process, creating a market where the buyer and seller can make a deal.
- In total, 1100 iCap Equity customers and 17 brokers-partners of the company will be able to take advantage of this market