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Marijuana Farm Goes on Blockchain as Part of $2 Billion Deal

Marijuana Farm Goes on Blockchain as Part of $2 Billion Deal

Marijuana Farm Goes on Blockchain as Part of $2 Billion Deal-Techcryption-01

RedSwan, a real estate firm is now providing a platform on tokenization of assets. Recently, the firm has launched a platform to sell digital securities for commercial property with a total of $2 billion of real estate assets which will be tokenized on the blockchain.

Notably, $850 million of this is available in a pre-sale, with a 150-acre hemp production farm in the Canadian province of Ontario included in the deal. Also included in the deal is 1,034 mid-rise and high-rise apartments in Texas, New York and California.

RedSwan believes that through tokenization of assets, private investors can invest in commercial real estate. Besides, there will be greater flexibility for investors to acquire and dispose assets through tokenization of assets.

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Notably, a lot of entities have already started looking into the tokenization of assets as it allows broader possibilities for private investors to join in. Another company, tZERO recently has announced plans to tokenize $650 million in British real estate using Tezos.

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