Blockchain and Cryptocurrencies have made some inroads within the financial sector but have barely made a dent within the real estate industry. With that said, it’s an area we like to cover because it shows great promise, specifically as a tool to finance real estate transactions.
Recently, a $134 million transaction occurred in Switzerland with roughly 20% of the funding via cryptocurrency. This is the largest transaction to date to involve a building sale and cryptocurrency.
This type of transaction is exactly why our ASDToken conference during AnySizeDeals Week – The Festival of Real Estate Innovation will focus exclusively on covering the various challenges and opportunities that blockchain and cryptocurrencies are playing within the real estate ecosystem and the practical applications for today’s real estate owner and operator.