A crypto company has launched a new product that focuses on the tokenization of real-world assets, such as property, art and commodities — a venture it believes will transform the way the world invests, trades and transfers value.
DGTO is the latest offering by Darico, and the firm says its service provides business owners and developers with “all the tools needed to tokenize assets into security tokens,” including legal and technical expertise as well as sales and marketing strategies. The parent company claims that its tokenization platform says it is in contact with regulators in different jurisdictions to ensure that its platform is legally compliant.
With a view to kickstarting the new product and “establishing itself as a major player in the tokenized real estate market,” Darico says it has acquired 30 apartments and 15 villas with a combined value of $20 million — all with a view to tokenization. The company says it is currently in negotiations with some of the biggest players in the UAE real estate market, as well as “some significant infrastructure projects.”
Through DGTO, executives hope to increase the liquidity seen in the global real estate market. According to research by the British property firm Savills, the world’s real estate was worth a combined total of $280 trillion in 2017 — an increase of 6.2 percent on the year before. Residential properties accounted for most of this record-breaking amount, with commercial and agricultural real estate comprising the rest.
DGTO is going to offer a web-based platform that would enable users to participate in security token offerings for the real-world assets being migrated to blockchain. Darico believes this opens up the possibility for crypto enthusiasts to own a fraction of an apartment — giving them options only available to high net worth individuals beforehand.