
Tokenization can transform real estate investing — Polygon CEO
Polygon CEO Mark Boiron emphasizes that tokenization of real estate can revolutionize the sector by reducing intermediaries and transaction costs. He highlights the potential for fractional ownership and increased liquidity, which could eliminate the illiquidity discount on properties. Projects like Lumia Towers in Istanbul are already utilizing this technology. In the U.S., companies like Quarter are offering tokenized mortgage alternatives, while the EU and UAE are also seeing a rise in real estate tokenization efforts. However, regulatory acceptance of blockchain technology is crucial for widespread adoption.
