LABS Chooses RioDeFi To Tokenize The Property Market
Ushering new investment opportunities
Since Bitcoin ushered the world of digital currencies over a decade ago, Blockchain technology has emerged as the key holding the floodgates to investment methods never thought of before.
Using decentralised networks, real world assets can be represented and transacted in the digital world with unprecedented levels of efficiency.
Under this new paradigm, the tokenization of real estate assets presents a huge opportunity. The flaws inherent to property investment, namely illiquidity and high barriers to entry, are most adequately addressed by the digitization and fractionalization of ownership enabled by blockchain technology.
The opportunity to tokenize the most valuable asset class in the world is absolutely in line with RioDeFi’s core vision to bring the benefits of distributed ledger technology to mainstream audience.
Real Estate Meets Interoperable Blockchain
It is with great excitement that we announce that LABS has chosen RioChain to implement its upcoming Real Estate tokenization platform.
Headquartered in Hong Kong, LABS was established two years ago by a team of Blockchain and real estate professionals with the aim to democratize access to global property investment.
Its integration with RioChain will allow LABS to benefit from a digital infrastructure that is highly scalable and to access the fast-growing ecosystem of interoperable blockchain enabled by Substrate technology.
According to James Anderson, CEO of RioDeFi: “The initiative spearheaded by LABS is one of the most important opportunities not just for RioDeFi but for our entire industry. Making real estate investment accessible to anyone embodies the values represented by blockchain technology and one that is very dear to our team.”
For Yuen Wong, CEO at LABS, “The digitization of Real Estate assets is of tremendous importance for the global economy. We, at LABS, have set for ourselves some very ambitious goals and seek to provide the most robust legal, technical and business infrastructures. Upon reviewing the blockchain infrastructure landscape we decided to build our platform on RioChain. Their interoperable blockchain is a perfect gateway to DeFi services and can best support our innovative and inclusive economic model”
About LABS
LABS is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
LABS uses blockchain technology and smart contracts to ensure complete transparency over a borderless ecosystem where property developers and investors can interact seamlessly and with unprecedented efficiency.
Real estate and blockchain professionals have brought together their expertise to devise an ecosystem of services that make property investment more accessible, more secure and more liquid.
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About RioDeFi
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services.
We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
To learn more about the latest developments regarding RioChain, visit: Riodefi.com
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