On Wednesday, we learned about Aqarchain’s plans to launch a tokenization platform on Tezos - predominantly for usage of real-estate backed STO’s.
Founder and CEO of Smart Chain (parent company to Aqarchain), Waqas Nakhwa shared a few words in a press release
“We are proud to be on the verge of launching one of the most innovative solutions that will revolutionize the way people invest in real-estate using crowdfunding and tokenization through digital assets. This has democratized investments while allowing the digital trade of real-estate assets in a more seamless, secure, efficient, and quick manner.”
“We have developed not only a state of the art property listing portal with mobile application for retail users, which will be live on July 1st 2021 allowing developers and brokers get a free listing and sales management platform, but, we have also developed our crowd funding self-tokenization platform for properties which allows fractional ownership of properties. Together these two platforms will revolutionize real estate investments.”
We often get lost in the slew of other news and different sectors within the Tezos ecosystem that are actively being built around. At this point, it should be completely understandable as network metrics are breaking
ATH’s on a monthly basis now.
However, something that should be clear and important is that public blockchains derive their true value from network effects. Further, as a Proof of Stake (PoS) based network - there is clear emphasis on utility and value transfer. In a macro sense, we can say that these protocols function similar to railroads or modern day freight.
That is, protocols like Tezos are essentially transports for numerous types of value; whether those be DeFi, tokenized assets, NFT’s, and more - they serve a utility of transport function much like freight and the railroads did with goods & services.
That said, in lieu of Aqarchain’s plans to launch a tokenization platform on Tezos we’re seeing more growth
and adoption within the tokenized asset landscape.
For Tezos, we can likely attribute
this adoption and attraction thereof to a few cardinal attributes.
- Institutional-grade smart contracts
- Secure custody
As with most things in early stages, it will take time to attract significant liquidity. When trillions of dollars are potentially at stake, this should come as no surprise. Building things that can handle this level of volume and usage won’t come overnight.
As community members, we know this. While others hide beyond blanket statements and single variable metrics, we’ll keep building and growing.