Security Tokens for Real Estate.
Red Swan, a commercial real estate marketplace, has reportedly tokenized $2.2 billion USD in real estate through the security token platform Polymath, according to a company representative.
The $2.2 billion is said to represent 16 different Class A commercial properties based in Austin, Houston, Brooklyn, Oakland, and Ontario.
Red Swan is a digital securities platform for compliant issuance of real estate security tokens. The platform says it provides liquidity for investors powered by blockchain technology.
Regarding the $2.2 topline number, the Red Swan website indicates the actual offering is coming soon without providing additional details.
Red Swan’s CEO Ed Nwokedi selected Hedera Hashgraph as its Distributed Ledger Technology (DLT) of choice. Hedera is known for touting its speedy platform in a world populated with super slow blockchain protocols.
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