The Real Estate Tokenization Asset Platform (RETAP) would revolutionize the real estate industry with blockchain technology.
With a forum that will provide huge opportunities for business investors, Crypto Asset Ranking, Inc. has opened new doors for the real estate industry.
They also built for real estate professionals a more competitive marketplace. In the RETAP marketplace, agents, brokers, realtors, and property owners will be able to tokenize commercial or residential properties. It enables investors from around the world via legally compliant blockchain-based digital securities to buy into the US real estate market.
“RETAP will achieve our vision to redefine real estate ownership and to convert illiquid real estate assets to liquid assets through digital securities,” said Mr. Pramod Attarde, Chief Executive Officer, Crypto Asset Rating, Inc.
Among the most costly and difficult is buying and selling real estate. Their outdated use of paper papers makes it comparatively illiquid for real estate.
The representation of ownership by virtual tokens is tokenization. On a blockchain adapted to be compliant with securities laws, these tokens exist. Tokenization provides benefits such as liquidity, a global investment pool, lower costs, structured smart contracts, transparency, immutability, simplification of management, improved security, and so much more.
Property can be bought or sold using RETAP from anywhere in the world. It offers the protection and reassurance that asset issuers and investors need in order to move forward with the secure investment and ownership of tokenized assets. To promote the liquidity of real estate assets, global access, asset fractionalization, instant settlement, and peer-to-peer transactions all work together.
Real estate professionals have their own RETAP marketplace for their customers in which they can tokenize properties. On the RETAP platform on Ethereum, they can build a Series LLC, which has tokens and a unique address. With a smart contract, the Series LLC will own each property. Tokens produced by Series LLC under various regulations, such as Reg D, Reg S, or Reg A+, will be legally compliant digital securities. The tokens will be on the Mainnet and will give a share of the rental revenue of these property ventures to buyers.
This blockchain-based organization has the potential to eradicate persistent issues in the commercial real estate sector. With the ever-increasing demand and awareness of the crypto market and decentralization of assets, Crypto Asset Rating, Inc. is changing the dynamics of the Real Estate Market through their RETAP marketplace.