Breaking News
RealEstate.Exchange Launches on Polygon as First Regulated Trading Platform for Tokenized Real Estate
RealEstate.Exchange (REX), powered by DigiShares, today announced the launch of the first fully regulated trading platform for tokenized real estate on the Polygon Proof-of-Stake (PoS) blockchain. This groundbreaking development addresses the longstanding challenge of liquidity in tokenized real estate markets by creating dedicated on-chain trading venues.
The first two assets to list on RealEstate.Exchange will be luxury properties in the Miami area. These include The Legacy Hotel & Residences, a 529-unit tower in downtown Miami that will feature a convention center, entertainment options, restaurants, and retail spaces. Developed by RPC, it will be listed on REX by the real estate investment platform FraXion. The second listing is Ascend Aventura, a 38-unit residential complex managed by the real estate developer Trade Estate.
While tokenized real estate has existed for years, the market has struggled with fragmentation and limited liquidity due to the absence of regulated trading platforms. REX solves this critical gap by providing a compliant environment where investors can easily buy, sell, and manage fractional ownership of property investments.
“After years of developing tokenization solutions for real estate across 40+ countries, we identified that the missing piece was regulated venues for secondary trading,” said Claus Skaaning, CEO of DigiShares. “By launching REX on Polygon PoS, we’re creating the infrastructure needed to make tokenized real estate truly liquid and accessible to investors, particularly retail.”
The platform aims to become a regulated exchange in the United States, European Union, United Arab Emirates, and South Africa. The US trading venue has been launched as a partnership with Texture Capital Inc. a FINRA member broker dealer, and operator of an SEC registered Alternative Trading System (ATS), while South Africa is on track for licensing through a local legal partner joint venture. For the EU, REX is participating in the EU Blockchain Sandbox to map out required licenses under MiCA and MiFID regulations, and in the UAE, the company has identified the required licenses and expects to work with the local regulator, VARA. Regulatory approvals for these remaining jurisdictions are expected by the end of the year.
REX’s strategic decision to build on Polygon PoS leverages the network’s low transaction costs, rapid settlement times, and robust security. The platform will also be among the first to benefit from the Polygon AggLayer technology, which allows them to tap into seamless liquidity across different blockchain environments.
“Real estate represents the world’s largest asset class, yet remains one of the least liquid,” noted Boris Spremo, Head of BD, Enterprise and Financial Services. “REX’s regulated platform on Polygon PoS transforms how real estate is traded, bringing Web3 efficiency to a traditionally illiquid market. This is exactly the kind of real-world application that demonstrates blockchain’s transformative potential.”
DigiShares has been the leading provider of tokenization solutions for real estate since 2018, with deployments in over 40 countries. The company has signed up approximately 200 asset owners to use their white label tokenization platform, with between $100-200 million of assets tokenized to date. The addition of REX as a regulated trading platform completes the ecosystem, enabling a true secondary market for tokenized property investments.
REX makes it possible for investors to diversify their portfolios away from volatile cryptocurrency into more stable real estate assets The platform will support trading of various property types, including residential, commercial, and luxury real estate. Currently in open beta with around 100 traders already signed up, REX expects to enter full production within a few weeks with its first two properties, with 5-6 additional properties in the pipeline.
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