Asset tokenization firm Liquefy has announced they will be the technology provider for a consortium of Gulf families on a real estate digital securities project for $1 billion of real estate assets. The initiative will begin with the digitization of a luxury hotel, valued at $600 million USD, located in London’s affluent Mayfair district.
Liquefy is a technology platform specializing in blockchain applications that enable the issuance of digital securities backed by illiquid assets such as real estate property. According to the company’s press release, the landmark hotel is located in a redeveloped historic building with views of Hyde Park and Mayfair. Currently owned by a consortium of Gulf families, the hotel is part of a larger real estate portfolio worth $1 billion that will become tokenized, enabling fractional sales to interested investors and allowing ownership transfers to be recorded, tracked and traded on the blockchain.
“As blockchain technology progresses we’re seeing accelerating interest in digital securities from the real estate sector. The deal sizes and pipeline has grown exponentially over the past year. We’re certain that there’s huge potential for technology to enable new business models in the real estate ecosystem that lower operational costs and increase liquidity,” said Adrian Lai, CEO of Liquefy.
Earlier this year, Liquefy announced a partnership with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group to propel Dubai as a global leader in FinTech. The partnership allows Liquefy to operate in Dubai under The Private Office of Sheikh Saeed Bin Ahmed Al Maktoum and engage discussions with Dubai, UAE government and DFSA on regulations of security token and to collaborate with the private sector on tokenization.
Apart from real estate assets, Liquefy’s enterprise-ready platform allows institutions and investors to both digitize their alternative assets such as sports teams and rare collectibles. Liquefy’s online platform provides the tools for digital securities issuance, with a comprehensive compliance protocol for over 50 jurisdictions. Working with the consortium of Gulf families, Liquefy will continue to drive development in blockchain solutions towards a new era of digital securities.