By Titus on The Capital
The largest investment bank in South America wants to tokenize real estate on the blockchain with the Token ReitBZ. Dividends in the amount of $ 87,500 are intended to allow investors to participate in the increase in property value without having to buy an entire property straight away.
Last year, the largest investment bank on the South American continent, BTG Pactual, caused a sensation when it came to security tokens. Now she tokenizes with her “leveraged” token, ReitBZ, as the first bank of the continent real estate on the blockchain. The token also distributes profits to investors. The total dividends paid are $ 87,569.20. In addition, payments should be made via a smart contract using the Tezos blockchain.
Security Token Offering: The bank relies on Tezos
BTG Pactual came onto the Tezos blockchain with the aim of converting a large part of its real estate portfolio into security tokens. This in order to attract new investors through new sales channels and to allow them to participate in the success. For example, cheap properties can be bought and tokenized in the Brazilian cities of Rio de Janeiro and São Paulo. Investors can thus participate in the increase in property value without having to take an entire property into their portfolio — a classic use case for security tokens. If you want to learn more about the pros and cons of security tokens like the ReitBZ.
Roberto Sallouti, CEO of BTG Pactual, said in a press release on July 27th as follows:
We are constantly investing in innovation and cutting-edge technology. ReitBZ is proof that our efforts in this direction have brought good returns for our customers.
According to the press release, BTG Pactual acquired 322 units between August and December last year and sold 198 units again.
The issue of ReitBZ on the Tezos blockchain platform began in May this year.
With technology and globalization, we have now reached new frontiers in different areas of our lives, but when it comes to investments, we still think very locally. ReitBZ is a product that changes this way of thinking.
added André Portilho, BTG Pactual’s brand partner.
Tokenize real estate on the blockchain
Real estate is a good example of how tokenization works: the value of a building is documented in the form of tokens, broken down into small units and implemented through a smart contract. This can include a regular interest payment or a specific right of use. There are many blockchain projects in the real estate environment — real estate developers not only tokenize existing properties but also finance entire construction projects via STOs. The procurement of funds through an STO is now considered an efficient and cost-effective alternative to traditional financing, not only among blockchain enthusiasts.
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