Dubai property broker launches tokenisation platform

dubai property platform tokenisation broker
UAE
  • Date: 19-May-2021
  • Source: The National
  • Sector: Real Estate
  • Country: UAE
  • Share:

Dubai property broker launches tokenisation platform

Dubai-based property broker Arms & McGregor is setting up a tokenisation platform allowing people to own and trade property assets through digital tokens.

Arms & McGregor partnered with Slovenian blockchain company Blocksquare to create the platform, which it said would connect to a decentralised finance, or DeFi, liquidity pool. These are pools of cryptocurrency tokens where users can pledge one token in return for the right to lend or swap another, which they can then monetise.

“With the launch of the new property tokenisation platform, we aim to revolutionise the way property developers fund and sell projects,” Makram Hani, founder of Arms &

Tech Talk: Facebook to change rules on attacking public figures – Gulf Digital News

U.S. Wants Offshore Wind Farms Off Coasts, in Gulf of Mexico by 2030

World’s clean energy transition ‘too slow’ — IEA

‘Profound experience’: Star Trek’s Shatner becomes world’s oldest space traveler