Everything is being tokenized these days from paintings to even real estate, even as controversy continues to surround the housing market. A new firm, RealT is aiming to simplify global access to U.S. real estate investment, starting with investment opportunities in Detroit, MI due to the city’s urban renewal plans and promising prospect for ROI. Powered by the Ethereum blockchain, RealT enables investors around the world to buy into ownership of U.S. properties and enjoy passive rental income. Ownership of each property is tokenized to unique ERC20 tokens and based on token share, owners then collect rent revenue.
BlockchainReporter spoke with Rémy Jacobson, the Founder and CEO of RealT.
What inspired your decision to start operations in Detroit MI?
Detroit is an optimal…