First tokenized property based on the Ethereum DeFi platform is now sold out

The first tokenized property based on the Ethereum DeFi platform is now sold out, and holders of the real estate token have started to collect rent according to their share. The three-bedroom property in Detroit was launched last month by RealT, a company specializing in real estate tokenization investments, on the decentralized exchange Uniswap.

On November 15, RealT, the real estate investment platform, announced the launch of the first real estate token fund pool on Uniswap. Its flagship property, 9943 Marlowe, has injected $ 5,000 in liquidity into the Uniswap platform, which means that holders of 9943 Marlowe RealToken Marlowe RealTokens can be bought and sold using ETH on Uniswap.Exchange. Unlike traditional real estate purchases that usually take weeks to settle, the property token fund pool will provide traders with instant liquidity after being published on Uniswap, which also means that transaction costs will increase by 20% to 30%.