TechFlow News, February 27: According to CoinDesk, real estate investment magnate Grant Cardone announced that his firm, Cardone Capital, plans to tokenize a $5 billion real estate portfolio. Cardone stated on X that this initiative aims to provide investors with “collateral and liquidity on secondary markets” and emphasized the company’s goal of becoming a market leader in large-scale asset tokenization.
Cardone Capital previously purchased 1,000 bitcoins in June and plans to continue increasing its holdings. Although the real estate tokenization market remains relatively small today, Deloitte forecasts that by 2035, up to $4 trillion worth of real estate could be tokenized, growing at an annual rate of 27%.
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