It’s the first of its kind. According to Forbes, a luxury condo development in Manhattan, which is valued at more than $30 million, will be tokenized on the worldwide Ethereum blockchain, making the luxury condo a tokenized real-world asset.
The building comprises of 12 units at 1700 sq ft each and is located on 436 & 442 E 13th St in Manhattans, East Village.
The listing broker on the deal is Ryan Serhant. He and the developer are looking to tokenization as a new method of financing. He says:
“With blockchain tokenization, ...
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