Securitize Inc, and LIFEFULL Co LTD have announced the successful deployment of a new crowdfunding platform to revolutionize Japan’s struggling real estate sector. The crowdfunding platform will use digital securities to jump-start Japan’s failing real estate sector by opening up more funding avenues for people looking for funding to flip homes.
In their Twitter feed announcement which appeared early 10th March 2020, the announcement reads,
“Very happy to announce the successful creation of a funding platform with @LIFULL_Corp that uses digital securities for real estate investing. The platform will promote real estate crowdfunding to revitalize vacant homes in the Japanese countryside.”
Securitize is not a small player in the tokenization industry as it has proven successful in creating digital securities to modernize capital markets. Similarly, LIFEFULL Social Funding has the much-needed grassroots network to make the platform a success. The collaboration will see many of Japan’s rural homes that have fallen into disuse, find new owners and investors to upgrade them and open up new revenue channels.
Carlos Domingo, Securitize CEO, and CO-Founder expressed his delight in a press release in which he stated,
“Our collaborative success in creating a comprehensive platform solution for crowdfunded real estate funds is very exciting, and it is a great start for Securitize and LIFULL as we work to modernize the Japanese real estate market together,”
Securitize enters the platform using its subsidiary, BUIDL, which is a consulting agency specializing in blockchain and cryptocurrency technologies.
LIFEFULL’s Project Manager Tsunahiro Matsuzaka further expressed his positive sentiments by stating that
“We have learned a lot from the work we did with BUIDL. We will continue to work with Securitize to build a future where real estate is tokenized and everyone can trade freely.”
What This Means For The Future Of Real Estate
There is a need to unfurl real estate markets in struggling economies from the death trap of fiat currency. The problem with the old fiat-based system is that a lot of value is held up in banks, which in turn use this value for speculative financial systems instead of in real-world social applications. The collaboration between Securitize and LIFEFULL will spur further developments in the sector not only in Japan but across the world.