Real estate tokenization company RealT has chosen Bridge Protocol, the open-source asset tokenization technology by Swiss FinTech Mt Pelerin, to optimize the management of its properties and many investors.
RealT, an American company based in Florida, is a pioneer of its industry for having created a model making real estate investment easily accessible for the public through tokenization: the issuance of financial assets on the blockchain in the form of tokens.
Since 2019, RealT allows its clients to invest starting from a few dozen dollars in ownership shares of high yield (10% to 13%) residential and commercial real estate in the US, with rental revenue being proportionally and directly paid to token holders in stablecoin.
With 75 properties sold and new ones being offered on a weekly basis, the huge success of that model also brought increasing costs and complexity to manage each new sale, the many investors of RealT and the distribution of rental revenue.
5942 Audubon Rd, Detroit, MI 48224, one of RealT’s properties issued on Bridge Protocol
To relieve those burdens and sustain the growth of its business, RealT has seeked the support of Mt Pelerin, the Swiss FinTech specialized in digital securities. The two companies have worked together in the last months to migrate RealT’s activities on Bridge Protocol, Mt Pelerin’s open-source asset tokenization solution. That technology was first used back in 2018 to create the very first tokenized share on Ethereum. To answer RealT’s needs, Mt Pelerin also developed additional features for its free access platform.
The main reasons that led RealT to adopt Mt Pelerin’s solution were the ease to rapidly issue and distribute tokenized assets able to simultaneously comply with multiple jurisdictions (US and European in this case), the possibility to freely transfer tokens while complying with those regulations, as well as the consolidated management of investors KYC/AML across the multiple properties that they may own.
« This collaboration with Mt Pelerin allowed us to accelerate the achievement of our vision for the future of real estate. » says Jean-Marc Jacobson, co-founder and principal of RealT. « We share that ideal of democratizing investment. »
Mt Pelerin has also produced a version of its mobile app Bridge Wallet specially customized for RealT. With it, their investors are able to invest in new properties, exchange them and even vote the decisions related to their management from their phone.
« We are proud that our technology has been beneficial to RealT, a project that we follow and admire from day one. » says Arnaud Salomon, CEO and founder of Mt Pelerin. « RealT is a trailblazer in what will be the norm in a few years. »
All of RealT’s 75 properties are now live and operational on Mt Pelerin’s platform. Some of them are even live on two blockchains simultaneously: Ethereum and xDai, where transaction costs are only a fraction of a cent. With those properties and all the new ones to come, Bridge Protocol becomes the first asset tokenization platform in terms of live ERC-20 assets.
RealT is an American startup specialized in the tokenization of real estate assets thanks to blockchain technology. Each property is divided in tokens generating daily interests paid in stablecoin. There is no other intermediary and investors don’t have to deal with the management of properties. In this way, all investors can enjoy a passive income.
More information on realt.co
Mt Pelerin is a fintech company established and regulated in Switzerland. It was bootstrapped by its own community through an equity crowdfunding that raised more than $2 million in 2018, the first one to offer a tokenized share with full voting and dividend rights to the public. Mt Pelerin has been one of the leading actors in the asset tokenization space since then, and it is currently working on the creation of a tokenized full reserve financial institution in Switzerland.
More information on www.mtpelerin.com