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.
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