New York Real Estate Fund Tokenizes $18 Million Property, Opens Access to Tokenized Ownership

NYREF has successfully tokenized a prime piece of real estate in New York City. The apartment building has been fractionalized into 18,000 tokens sold at a price of $1,000 each through the NYREF marketplace.

This is an opportunity for investors to access a previously extremely exclusive real estate market. Thanks to the use of blockchain technology, more specifically, the Avalanche network, NYREF has become one of the first RWA projects to offer real estate tokenization in New York City.

Token holders can benefit from a share of the rental income generated by the property, as well as potential appreciation in the property’s value over time. The use of blockchain technology ensures transparency and security throughout the investment process.

RWA has long been one of the most hyped crypto niches, but now it’s becoming a reality with NYREF. This project offers a tangible and accessible way for investors to participate in the NYC real estate market.

This article will explore the details of NYREF’s approach to property investment and how it is making NYC real estate more accessible. It will delve into the specifics of the tokenized property, the potential returns for investors, and the process of acquiring tokens.

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Real Estate Stands To Benefit From the RWA

Standard Chartered expects the RWA market to grow beyond $30 trillion in the 2030s. We are witnessing the birth of a major milestone in the history of the modern financial system.

Even Blackrock, the world’s largest asset manager, has recognized the potential of this market with the launch of its BUIDL fund, focused on investing in tokenized assets and blockchain technology.

RWAs, or real-world assets, represent physical or digital assets that have value in the real world and are brought onto the blockchain. This can include anything from real estate and commodities to intellectual property and fine art.

While the concept of RWAs holds immense promise, many crypto projects in this space have failed to produce real utility. This is often because they don’t actually own any underlying assets, leading to a lack of trust and credibility.

However, tokenizing real estate offers a tangible and practical application of RWA technology. By dividing property ownership into digital tokens on a blockchain, ownership can be divided, liquidity increased, and transparency enhanced. This opens up new opportunities for investors to participate in the real estate market, regardless of their capital or experience.

The RWA market is expected to experience unprecedented growth.

The RWA Real Estate Dream Becomes a Reality

Thanks to NYREF, owning real estate in the most in-demand and historically profitable neighborhoods and cities is no longer out of reach for the average investor.

The project has tokenized a property at 3187 Grand Concourse, one of the most popular neighborhoods in NYC. Thus, anyone can own a slice of the NYC real estate market.

This modern multi-family building features 32 residential units across nine stories. It offers residents spacious living areas, abundant natural light, and convenient access to transportation and amenities.

The NYREF platform uses blockchain technology to divide ownership of the property into 18,000 tokens, each valued at $1,000. Of these, 14,400 tokens are available for purchase by investors, with the remaining 3,600 tokens reserved for the team. Investors can purchase these tokens to acquire tokenized ownership of the property.

Token holders will benefit from a share of the rental income generated through a lease agreement with the US Government. This lease generates a 5.52% annual return for token holders, with a minimum annual increase of 3%. Additionally, investors could profit from the appreciation of the property’s value over time and a potential future sale.

The secondary market, which is expected to launch soon, could further increase the value of tokens due to high demand. This is the only tokenized property in one of the world’s most exclusive real estate markets.

To purchase tokens, visit the NYREF website, complete the KYC process, and use your preferred cryptocurrency for payment. Accepted cryptocurrencies include USTD, USDC, AVAX, and Ethereum.