The post EstateX Sells Out Initial Blockchain Real Estate Offering in Record Time appeared first on Coinpedia Fintech News
EstateX, a pioneer in tokenized real-world asset technology infrastructure and capital markets, has successfully sold out its first public, tokenized real estate property offering in under five minutes. This landmark achievement was made possible through a strategic partnership with the CEO of RE/MAX England & Wales, enabling the property to be offered at less than 10% of its appraisal, while providing an unmatched 7% upfront rental income yield—significantly higher than the typical 4-5% in traditional markets, and this rent is paid upfront for 3 years, locked in a smart contract. To date, they boast over $5.2m in total value locked across an investor community of over 500k.
The sold-out property, a TUI Blue beach resort property in Cape Verde, is secured through a smart contract on the blockchain, ensuring full transparency for investors. Managed by TUI, a leading holiday rental brand, this sale marks a significant step forward in EstateX’s mission to democratize access to real estate investments by making high-yield opportunities available to a global audience with investment amounts as low as $100 per person.
Bart De Bruijn, CEO of EstateX, said “Selling out our first real estate offering in under five minutes proves the demand for tokenized real-world assets. Blockchain is breaking down barriers, making real estate as liquid and accessible as digital assets. With RWA set to hit a $30 trillion market by 2030, EstateX is leading this financial revolution.”
The hype around EstateX continues to soar as the project nears its TGE (token generation even), and with the recent introduction of Homie, an advanced AI-powered real estate agent, alongside their full-stack ecosystem for tokenized assets, enabling fractional property investments to be traded, converted to fiat, used as loan collateral, and launched via tokenized offerings.
EstateX has garnered strong backing from prominent figures, including Brock Pierce, co-founder of USDT, and the CEO of RE/MAX England & Wales, one of the world’s largest real estate networks. Adding to its momentum, Steve Craggs, CEO of RE/MAX England and Wales, has joined EstateX as a board member and as Director of Global Property Distribution. Steve recently concluded a European investment tour on behalf of EstateX that has opened doors to new opportunities, which will soon be made available to European investors.
As EstateX continues to expand its portfolio, investors eager to access future offerings can visit https://www.estatex.eu/ for exclusive opportunities.
About EstateX
EstateX is a blockchain-powered real estate investment platform revolutionizing the industry by providing secure, transparent, and high-yield investment opportunities. By leveraging blockchain technology, EstateX is making real estate investments more accessible, efficient, and rewarding for investors worldwide.