REINNO secures over $10 million on its marketplace for tokenized real estate; gives a registration bonus to all investors.
Last month, a fintech startup REINNO launched a marketplace for tokenized commercial real estate with medical, industrial and multifamily properties. Since then, the company managed to secure a total of $10,000,000 between the five offerings. Investors are mostly excited about the liquidity REINNO is going to provide through its loans backed by tokenized real estate.
“This is a great opportunity. Investors can not only earn passive income and grow their wealth over time, but also have liquidity during the lockup period. We are combining the best of both worlds — the stability of real estate and the flexibility that comes with digital fractional ownership,” says Kristiyan Lozanov, the COO of REINNO.
Some of the suggestions received from the public are decreasing the minimum investment amounts, opening the offerings to non-accredited investors, adding more properties and providing an option to invest in REINNO itself.
“We are open to suggestions and are working on implementing some of them,” says Viktor Viktorov, the CEO of REINNO. “One of my personal goals is to start a conversation about tokenized real estate. Some people are pretty conservative with their investment strategy and will not buy tokens now. However, I think it is important for them to know about this option and its benefits.”
Those who believe in the bright future of tokenized real estate showed their enthusiasm by pledging a total of $10,000.000 for the offerings currently listed on the marketplace. Vital Capital Portfolio appears to be investors’ favorite with $4,500,000. All offerings are still live with Boca Recovery Center’s deadline approaching quickly.
REINNO also started an incentive program for both new users and those who had already registered on the platform. They will receive a one-time $100 credit for their next investment, courtesy of REINNO. The program will continue until the company distributes $5,000,000 in investment credits or until January 15, 2021 — whichever comes first.
