Global Property register to provide Real Estate Tokenisation

Global Property register is to provide Real Estate Tokenisation as a means of addressing challenges of property owners in funding their projects.

What is real estate tokenisation? It is the simply the “breaking up” of real estate assets into smaller bits or “chunks”. These bits are then sold off to investors. It is similar to crowdfunding. People who acquire the bits are able to benefit from the success of the project.

Big crowdfunding sites like indigogo ,seedrs and kickstarter fund different types of projects and earn a commission on the funds raised. In 2015 over $34billion was raised worldwide via crowdfunding. Firms offering this service get a commission from the amounts they raise for their projects.

GPR plans to focus on crowdfunding projects related to real estate or property in the markets in which it establishes the Global Property Register. This will enable people in many developing countries who are struggling to get access to finance, raise the funds to implement their projects.

There is some hope that crowdfunding has potential as a tool open for use by groups of people traditionally more marginalized. The World Bank published a report titled “Crowdfunding’s potential for the Developing World” which states that “While crowdfunding is still largely a developed world phenomenon, with the support of governments and development organizations it could become a useful tool in the developing world as well. Substantial reservoirs of entrepreneurial talent, activity, and capital lay dormant in many emerging economies…Crowdfunding and crowdfund investing have several important roles to play in the developing world’s entrepreneurial and venture finance ecosystem.”

To know more about Global Property Register and participate in our Pre-ICO, go to https://globalpropertyregister.io/