In episode 35 of Hashing It Out, host Elisha Owusu Akyaw interviews Sanjay Raghavan, vice president of Web3 Initiatives at Roofstock onChain, about tokenized real estate on the blockchain and how digital real estate investing interacts with the nonfungible tokens market and DeFi.
Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives.has been tipped as a major use case of blockchain technology that could drive Web3 adoption.
Raghavan explains how real estate is sold on the blockchain using NFTs. Companies that sell real estate on-chain must first purchase the property and create a limited liability company . An NFT is then created, which is associated with the ownership of the LLC. When users buy the NFT, they buy the LLC, which means they have purchased the property.that regulations for tokenizing real-world assets can be complex.
Beyond bringing people from the traditional real estate market to Web3, Raghavan believes that crypto natives may see real estate tokenization as a diversification tool. He explains that most investment alternatives in the industry may be highly correlated to the Bitcoin (Raghavan also talks about the fractionalization of assets, including NFTs, which may require running a securities program that makes it unattractive for companies working in the United States. On the other hand, non-U.S.
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