Introducing tokenisation of funds and assets to address the Housing Crisis.
By CEO Richard George
For 6 years now we have been espousing the virtues of tokenizing real world assets such as real estate. The market is now coming alive but in order to address the complexities of title transactions it means a shift is required within governments, regulators and registries. Most denying the opportunity to fractionalise at a granular asset level in order to create the promise of effective market liquidity.
Dubai Land Department is testing this now and has successfully tokenised two apartments so far with the investment being restricted to UAE Residents only for the time being. This is an exciting development as it not just involves the goldrush to tokenize the asset itself and in doing so fractionalise it, but also Dubai has enabled the digitisation of title too; an important requirement within the transactional process.
But if we look at the World generally this is unlikely to happen quickly. With our own Freedom to Live, rent to ownership platform we are more focused on tokenisation of the funds that invest in housing at scale as well as the assets held and owned by the real estate funds.
The blockchain technology provides the opportunity to maximise fund efficiency and liquidity but also for those enjoying living in the new homes, the ability to accumulate wealth and get onto the housing ladder. Without the ultra-complicated shared ownership processes we experience here in UK and other jurisdictions. For the millions who will not initially qualify for a mortgage. HLPS Freedom to Live is the “3rd Way”.
The HLPS Freedom to Live platform is unique in that it can rapidly adapt to multiple jurisdictions by evolving homeownership over time and ensuring greater risk adjusted returns for the sophisticated investors while supporting residents wealth and importantly health too.
With our chosen and highly well known and industry partners we are able to offer a very unique opportunity for professional investors eyeing real estate.