Real Estate Platform StraightUp Merges with Slice – a Blockchain based Cross Border Investment Site

This may be a harbinger of things to come. StraightUp,  an online real estate investment platform, has merged with Slice. The is to combine real estate investment opportunities via a blockchain enabled platform thus boosting transparency, liquidity, and efficacy of transactions. The two companies said they have created the first  blockchain based global REIT for both domestic and international investors. StraightUp only launched its crowdfunding platform in February 2018.

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As a result of merging with Slice, StraightUp says the new platform will give international investors access to premium equity opportunities in cities across the country, including New York City, Los Angeles and San Francisco. Slice’s secure blockchain-powered platform is designed to allow foreign investors to immediately own equity in developments, providing a layer of security and trust that has been missing from the real estate investment space until now.

Omer Amsel, co-founder and COO at StraightUp, says their goal is to increase access to the real estate market for those who are not super rich or highly connected.

“By merging with Slice, we now have access to their innovative technology and international investors, giving us the resources we need to further democratize real estate investments while maintaining our core value: transparency. We believe the future of real estate investing is rooted in a combination of new development and new technology, which is precisely what our merger with Slice brings to the market,” explains Amsel.

Slice uses tokens, which can be purchased with either fiat or crypto. By tokenizing assets, the merged firm expects to enable investors to more easily identify the properties backing their investment, prove their ownership, receive returns in real-time, and freely exchange ownership with others on the blockchain.

“At Slice, we leverage innovative blockchain technology and the tokenization of securities to advance the state of real estate investing, a longstanding and classic investment option. Our vision is to be the largest issuer of real-estate backed compliant security tokens. We also prioritize working with regulators across all jurisdictions, ensuring our platform always offers top-notch security and compliance,” said Ari Shpanya of Slice. “Our merger with StraightUp will result in never-before-seen access, transparency and liquidity for investors thanks to the perfect combination of our groundbreaking technology and StraightUp’s core real estate-focused platform and values.”

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