One of the fast-growing segments of blockchain technology is tokenization of assets. Through tokenization, the tangible asset can be divided into digital tokens that represent fractional ownership of the asset. These tokens would be traded securely on a blockchain ledger and are made accessible to worldwide investors. The smart contract in each token would ensure every owner receives their share of the asset’s net rental income.
Realbox’s blockchain-based real estate tokenization platform offers numerous advantages over traditional methods of dealing in real estate. These include increasing liquidity and transparency, enhancing security, and simplifying management
Cage Chen, CEO and Co-Founder of Okra Finance, commented:
“We envisage a long term trend of bringing real-world assets to on-chain using blockchain technology. Institutional participants of Okra Finance are able to take advantage of our multi-asset infrastructure to include this particular asset class in their portfolio. We are thrilled to work with Realbox and help our institutional clients to experience first hand their structuring capabilities in real estate. “
Alex Pham, CEO and Co-Founder of Realbox, commented:
As a pioneer in utilizing blockchain technology in real estate tokenization and fund management, Realbox considers Okra Finance a credible and long-term partner. The Okra platform meets our requirements for enterprise-grade solutions to comply with local and internal compliance as well as business guidelines. This partnership will have mutual benefits for both Realbox and Okra Finance in scaling up for mass adoption across multiple markets and jurisdictions
The Okra-Realbox partnership will allow institutions to access real world real estate assets as an integral part of the on-chain portfolio created utilizing Okra’s index creation and investment infrastructure. Our institutional clients will have the opportunity to have a fractional ownership in global real estate investments, without incurring expensive costs and going through complicated transactions.
About Okra Finance
Okra finance is the first permissioned DeFi index creation and execution platform powered by smart contracts. Our mission is to create an on-chain asset management ecosystem for institutional participants to have access to a wide range of DeFi strategies and build customized portfolios. Okra’s unique “permissioned” framework provides the necessary infrastructure for institutions’ long-term participation as the DeFi landscape continues to evolve.
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Realbox (REB) is a blockchain-driven real estate platform that will innovate property investment by offering opportunities to everyone to co-invest in a fraction or share of assets. Our mission is to make real estate investments more accessible, reliable and flexible to everyone.