Nov 12, 2021
What is Realium?
How it started
In 2019 Demitri Haddad purchased his first home. Throughout the long, drawn-out process of purchasing a home, Demitri began to wonder how technology could change this process.
During his next school year, Demitri began to research how blockchain technology could speed up the real estate transaction process as part of his Honors program master’s thesis at Brigham Young University (BYU). The following school year, he pitched the findings of his research to his cohorts in the Masters of Information Systems program at BYU to see if any of his colleagues would be interested in building out a prototype based on his findings.
Jason Stewart, Trevan Reese, and Danny Guzman then joined Demitri in building a prototype for his findings. By the end of the school year, the team had built a working MVP of what trading tokenized real estate over the blockchain could look like. The team was admitted into an international blockchain startup incubator just before graduating and the team committed to continue the project post-graduation. At the end of the incubator program, the team was joined by Rob Upchurch to push the MVP into a production scale application.
What is the goal of Realium?
The founders of Realium have one goal in mind: lower the barrier of entry to real estate investing and speed up the traditional transaction process by leveraging the blockchain. They are achieving this at a large scale by using the Avalanche blockchain network and tokenizing real estate.
Where is the project now?
Currently, the Realium team is finishing the next iteration of the platform originally built. This version implements the use of smart contracts, the onboarding process for new properties, KYC integration, and a better user experience on the platform.
Where is the projected headed?
The Realium team is hoping to raise funding to tackle their next hurdle before going to market — legal. Realium is looking to receive a Reg A Tier 1 exemption from the SEC which companies similar to Realium have attained. This would allow for the purchase and sale of securities from both accredited and retail investors without holding periods.
How can you participate?
Right now you can browse Realium’s platform, but you can’t trade any real estate shares — yet! You can, however, sign up for the waiting list to be notified when Realium’s first property goes live. Go to realium.io to sign up now.
