AirSwap and Propellr intend to tokenservice the real estate market in new York

Decentralized crypto currency exchange AirSwap in conjunction with a registered FINRA broker-dealer Propellr plans to create a tokenization platform for private securities and the subsequent trade in these security tokens in accordance with established rules.

The platform will be used by a Protocol peer-to-peer trade AirSwap. Initially, the partners focused on the real estate market in new York- one of the most expensive in the Western hemisphere.

In AirSwap believe that their solution will be beneficial for the participants of the secondary market for private securities, because it allows to refuse custody and book orders. In addition, the platform will reduce the time of completion of the transactions, from several months to several days, in the hope of the company. Thus the actual execution, settlement and clearing will occur in a few minutes.

The project participants are not the first who believe that one of the most illiquid types of assets — real estate — can benefit from tokenization. We will remind that earlier the startup Aspen Digital Inc has placed on international crowdfunding platform Indiegogo shares resort in aspen (co) in the form of security tokens.


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