Blockchain Is a Future of Real Estate

Learn how NAREIG will tokenize real estate coupons on their Ethereum platform
15 January 2018   901

NAREIG (North America Real Estate Investment Group), one of the leading real estate companies that helps Chinese high-net-worth buyers to invest overseas is announcing its real estate coupon Ethereum Token Pre-Sale plan. NAREIG will tokenize real estate coupons on their Ethereum platform and enable the cryptocurrency owner to use this tokenized coupon to purchase properties. The token is named HCT (House Coupon Token), and the Pre-Sale Launch date will be January 16th, 2018.

What is NAREIG?

NAREIG (North America Real Estate Investment Group) was established in Seattle, Washington in 2012 with an initial vision of providing an online-to-offline platform to help international real estate buyers invest in North America.

NAREIG Team
NAREIG Team 

Over the past 5 years, NAREIG has evolved into an industry leader that provides real estate services in various states including Washington, California, and New York. With corporation of various local strategic partners, NAREIG has its operations in US, Canada, UK, Germany, France, Portugal, Spain, Greece, Australia, New Zealand, Japan and Thailand.

We are thrilled to announce our own Real Estate Coupon Ethereum tokens and it will become the first Real Estate Coupon tokens in the industry. Instead of establishing a brand-new distribution platform, we issue our tokens on Ethereum. Given to NAREIG’s business model, we decided to use blockchain technology to develop our application. The HCT will immediately benefit our clients and establish the connection between digital currency and the value of real estate coupons.
 

Hunter Lin

Founder and CEO, NAREIG

What are NAREIG tokens?

The NAREIG tokens are “coupons to purchase real estate properties”. Each token purchased at USD $1 cash value can be redeemed as $100 token value which is USD$ 100 cash value when clients purchase properties with NAREIG. (Limitations and restrictions apply). Since the company’s business has expanded globally, the token can be utilized in 12 different countries. The HCT has very stable value and it also provides liquidity through tokenization.

House Coupon Token
House Coupon Token

NAREIG’s tokenization approach to real estate coupons sets an anchor value to the token, while many other tokens in the market proved to be unreliable and prone to volatility. Historically, many types of coupons were wasted because of liquidation issues.

The purpose of HCT is to provide stable incentives that benefit real estate investors.

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Bermuda to Issue First ICO License

The first 'official' ICO that will be held at Bermuda is Uulala
19 October 2018   41

Bermuda’s Minister of National Security, Wayne Caines, said that the Uulala fintech company received the first ICO license in the region. It is reported by the Royal Gazette.

In July, the Secretary of the Treasury of the Overseas Territory of Great Britain, David Bert, introduced new regulations for fintech products and services. The bill classifies initial coin offers (ICO) as “limited business activities”.

The draft law also states that before holding a tokensals, companies must provide information about the proposed digital assets, the financing system, the amount to be raised and various technical aspects. In addition, you must obtain consent from the Minister of Finance of the region.

The CEO of Uulala, Oscar Garcia, reported that the process of obtaining a license took four months. Fintech offers a decentralized peer-to-peer network “to attract cash into the digital economy.” During the ICO, Uulala plans to raise $ 50 million.

We are looking at operating from Bermuda. The Bacardi story resonated with us — a group of Cuban Latinos who went to Bermuda and established their headquarters there. We are looking at doing something similar. Bermuda is known as a financial hub and it is very forward-thinking on blockchain and fintech.
 

Oscar Garcia

CEO, Uulala

The government of Bermuda began to develop bills for the legalization of the ICO in March. Then David Bert said that Bermuda could be an example for other countries in the field of ICO regulation.