iFunded, the digital real estate investment platform for institutional and private investors, is announcing the launch of iEstate, the real estate tokenization platform. iEstate is the first global platform on the market to issue a security token based on real estate debt and will quickly follow up with with an equity-based token.
Investing in and purchasing real estate properties can be a grueling process, as the demanding market requires proof of ownership, legally contracted exchanges and other red tape and regulations that make completing these transactions time consuming, costly, and quite frankly – rigid. iEstate uses blockchain to enhance the speed and timing of real estate transactions, and employs smart contracts for optimal transparency. Blockchain presents the unique opportunity to users participating in the real estate market with increased trust between all parties, immediate settlements, the reduction of counterparty risk, and on-the-spot local and cross border transactions. Furthermore, blockchain improves the real estate market with real time updates and the allowance of near to real-time trading of ownership interests and significantly lower costs.
Other benefits unique of the iEstate tokenized real estate platform include:
- Accessibility: Tokenizing properties opens the market to investors of all levels who now benefit from a once-closed market with more cost-effective online processing
- Market liquidity: Tokenizing real estate enables an automatic, 24/7 liquidity option without delay and with direct connections to secondary market leads
- Automated Compliance (KYC/AML): Blockchain allows user identities to be stored and used across different services while remaining in complete control over their data
- Interoperability: Tokenization and decentralization create a secure standard for information exchange between different systems and, in the future, exchange between tokenized assets.
iFunded is an established digital investing platform for German real estate debt, targeting institutional investors, banks and retail investors with various different kinds of debt structures to help real estate developers find the financing they need to complete projects. iEstate is the newly launched subsidiary platform of iFunded. iEstate will allow users to invest in pre-selected properties and will make investing in real estate, as well as real estate debt, easier than before, using the platform’s issued security tokens.
“iEstate is iFunded’s evolution into the blockchain space, allowing us to build the first official platform that tokenizes real estate debt and equity with a security token,” says Michael Stephan, CEO and Founder of iFunded. “Private and institutional investors playing the field of the real estate market will have the chance to finally experience a transaction platform that offers liquid investments in a normally illiquid asset class. The platform provides access to pre-vetted real estate projects and the tools investors need to engage in profitable business deals instantly.”
The STO is projected to open in Q1 (Q2) of 2019 with a cap of $100 million and will taget institutional investors in Europe, UK, Brazil, SIngapore, Hong Kong and South East Asia.
iFunded was founded in 2015 as a global real estate investment platform that provides users with exclusive access to pre-vetted, institutional-quality real estate investments. After searching for a way to cut out the middleman and provide a faster, cheaper service using the most advanced and up-to-date technology as possible, iFunded created iEstate in February 2018 to reform real estate transactions using blockchain technology.