Inveniam is tokenizing real estate — but is the world really ready for this?
Read enough cryptocurrency news sites and it won’t be too long before you hear about tokenization of real-world assets. However, like most things blockchain, that remains purely hypothetical. It doesn’t express itself in the form of an open real estate auction tokenizing Miami’s WeWork building.
Inveniam Capital Partners is looking to raise some $270 million for four different projects. These include the WeWork building and luxury apartment development on Florida’s Gulf Coast. There’s nothing unusual about that. What’s really causing a stir, however, is that this is one of few times an auction like this is open to cryptocurrency investors. Oh, and that all proof of ownership will be manifested in tokens.
There’s no shortage of platforms springing up talking about democratizing access to wealth and allowing Average Joes to invest in previously off-limits projects like real estate — but most of them are still waiting for the…