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Hemp farm is being put on the blockchain as part of a $2bln deal

Via. Decrypt, Inc. 

Real estate company RedSwan has announced plans to tokenise $2 billion of real estate assets comprising of 1,034 mid-rise and high-rise apartments in Texas, New York and California. Curiously, it also includes a 150 acre hemp production farm in Ontario.

Tokenisation of real assets is starting to gain significant traction with blockchain technology giving investors greater flexibility when acquiring and disposing assets. 

These initial deals are crucial in paving the way for a more tokenised future where investors, including retail investors, will be able to gain exposure to assets (such as real estate) which may otherwise be out of reach. 

“Through this new technology, RedSwan will make the entire process for recapitalization of LP and GP equity for institutional quality real estate assets much faster, more efficient, and with     higher capital productivity,” said Ed Nwkedi, CEO of RedSwan.

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