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Real estate giant Colliers International has entered into a partnership with security issuance platform Smartlands Platform in a bid to jointly build a Stellar-based real estate tokenization project.
Under the partnership, the companies will work closely to explore the possibility of securitizing the real estate sector. Ramune Askiniene, CEO of Colliers International Advisors in Lithuania, believes that the real estate industry is “ripe for tokenization.”
“We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar,” Askiniene said.
Smartlands Platform is a Stellar-based global security token issuance platform that creates new opportunities for asset owners and investors on the Stellar network. The platform is designed for creating low-risk securities (security tokens) backed by real estate assets, agriculture assets and assets in other sectors of the economy.
Colliers and Smartlands Platform aims to jointly develop a Stellar-based real estate tokenization project based on select properties managed by Colliers International.
“Creating liquidity for a property of any kind was always a main challenge for the real estate industry. Also, legacy finance institutions rule the real estate space with an iron fist and are showing very little willingness to let up the pressure, adopt new technologies and embrace the Zeitgeist,” said Arnoldas Nauseda, CEO of Smartlands Platform.
“Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry. Colliers was perceptive enough to enter the partnership immediately.”
