Smartlands, a blockchain-based crowdfunding platform, says it will tokenize “real-world assets” for a total of $1 billion by the end of 2023. The UK based, FCA regulated platform is making the bold claim as part of its four-year roadmap. Smartlands says it will tokenize assets in commercial and residential real estate, renewable energy, agriculture, technology and other sectors of the economy.
Smartlands says it will surpass $100 million in tokenized assets by 2020, topping $1 billion in assets by the end of 2023.
Back in June, Smartlands claimed to be the first crowdfunding platform in the UK to tokenize a property investment – a £12 million student housing project that is raising £1 million on Smartlands.
The company reports that out of more than 100 pitches, the team has selected “for close consideration” 15 projects ranging in deal size form €100,000 to €50 million.
According to Smartlands, among the possible projects are a £500 million residential high rise property in the UK, a smart city in Brazil, and a vineyard in the U.S.
Smartlands states that it is also considering tokenizing private shares of a pre-IPO billion-dollar company in the US.
Smartlands has not provided additional details nor timing on any of these predicted offerings.
Another item on the Smartlands roadmap is a forthcoming launch of a banking product and contactless payment card which may enable Smartlands customers. This release is scheduled for Q4 2019.
“Our goal for the next five years is to become a fully automated AI-powered decentralised global investment ecosystem that can handle the needs of small retail investors as well as global institutional wealth managers,” stated Arnoldas Nauseda, Smartlands CEO.
Smartlands has previously announced that security tokens issued on the platform will be traded. This includes the forthcoming “Archax regulated institutional-grade digital assets exchange.”
Smartlands reports that it is also working on obtaining a Multilateral Trading Facility (MTF) license in order to launch a decentralised securities exchange.
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