EstateX, a pioneer in tokenized real-world asset technology infrastructure and capital markets, has successfully sold out its first public, tokenized real estate property offering in under five minutes.
The property, a TUI Blue beach resort property in Cape Verde, was sold out at less than 10% of its appraisal and offers an upfront rental income yield of 7%, higher than traditional markets.
The sale was facilitated through a strategic partnership with the CEO of RE/MAX England & Wales, and the property is secured through a smart contract on the blockchain for transparency.
EstateX aims to make high-yield real estate investments accessible globally with investment amounts as low as $100 per person and has over $5.2 million in total value locked across an investor community of over 500,000.