US real estate tokenization leader chooses Mt Pelerin

RealT, an American company based in Florida, is a pioneer of its industry for creating a model making real estate investment easily accessible for the public through tokenization: the issuance of financial assets on the blockchain in the form of tokens. 

Since 2019, RealT allows its clients to invest starting from a few dozen dollars in ownership shares of high yield (10% to 13%) residential and commercial real estate in the US, with rental revenue being proportionally and directly paid to token holders in stablecoin.

With 75 properties sold and new ones being offered weekly, the huge success of that model also brought increasing costs and complexity to manage each new sale, the many investors of RealT and the distribution of rental revenue.

To relieve those burdens and sustain the growth of its business, RealT has sought the support of Mt Pelerin, a Swiss FinTech specialized in digital securities. The two companies have worked together in the last months to migrate RealT’s activities on Bridge Protocol, Mt Pelerin’s open-source asset tokenization solution. That technology was first used back in 2018 to create the very first tokenized share on Ethereum. To answer RealT’s needs, Mt Pelerin also developed additional features for its free access platform. 

The main reasons that led RealT to adopt Mt Pelerin’s solution were the ease to rapidly issue and distribute tokenized assets able to simultaneously comply with multiple jurisdictions (the US and European in this case), the possibility to freely transfer tokens while complying with those regulations, as well as the consolidated management of investors KYC/AML across the multiple properties that they may own.

« This collaboration with Mt Pelerin allowed us to accelerate the achievement of our vision for the future of the real estate,» says Jean-Marc Jacobson, co-founder and principal of RealT. « We share that ideal of democratizing investment. »

Mt Pelerin has also produced a version of its mobile app, Bridge Wallet, specially customized for RealT. With it, their investors are able to invest in new properties, exchange them and even vote the decisions related to their management from their phone.

« We are proud that our technology has been beneficial to RealT, a project that we follow and admire from day one,» says Arnaud Salomon, CEO and founder of Mt Pelerin. « RealT is a trailblazer in what will be the norm in a few years. » 

All of RealT’s 75 properties are now live and operational on Mt Pelerin’s platform. Some of them are even live on two blockchains simultaneously: Ethereum and xDai, where transaction costs are only a fraction of a cent. With those properties and all the new ones to come, Bridge Protocol becomes the first asset tokenization platform in terms of live ERC-20 assets.

(Press release)

Picture: 5942 Audubon Rd, Detroit, MI 48224, one of RealT’s properties issued on Bridge Protocol