cryptonews.net
Quarter, the first fractional equity home funding program in the US, announced the tokenization of a $740,000 home on the TOKO network. Powered by Hedera Hashgraph (DLT) distributed ledger technology, this venture marks a significant leap forward in the use of blockchain to democratize finance.
According to the reports, the transaction included the tokenization of equity into digital assets, allowing third-party investors to provide 97% of the purchased capital. This facility was an innovative replacement for the traditional mortgage, providing a new form of liquidity and asset ownership. In addition, the DLT structure provided transparency, immutability and trust in these transactions, making it an attractive financing alternative.
This move demonstrates the potential of DLT to revolutionize how we view and interact with finance at a fundamental level. As the Quarter example showed, fractionalization of assets can improve liquidity and enable more efficient transfers of ownership. This model could pave the way for many potential investors to enter the real estate market, which has previously been hampered by high capital requirements.
Image: CoinLive