According to CoinDesk, real estate investment magnate Grant Cardone stated that his company, Cardone Capital, plans to tokenize a $5 billion real estate portfolio. Cardone posted on X that the move aims to provide investors with "collateral and liquidity on secondary markets," and added that the company aims to become a market leader in large-scale asset tokenization. Previously, in June, Cardone Capital purchased 1,000 bitcoins and plans to continue increasing its holdings. Although the real estate tokenization market is currently small, Deloitte forecasts that by 2035, up to $4 trillion in real estate could be tokenized, with an annual growth rate of 27%.
Grant Cardone’s company plans to tokenize a $5 billion real estate portfolio.
TechFlowShare
Summary
Grant Cardone’s Cardone Capital is set to tokenize a $5 billion real estate portfolio, providing investors with collateral and liquidity in secondary markets. The firm aims to lead in large-scale asset tokenization, a move aligned with real-world assets (RWA) developments. Cardone Capital purchased 1,000 Bitcoin in June and plans to acquire more, connecting the project to Bitcoin market news. Deloitte estimates the tokenized real estate market could reach $4 trillion by 2035, growing at an annual rate of 27%.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.