The two Brooklyn-based companies Propellr and Fluidity partnered up to offer products and services for the creation, distribution, and transfer of digital securities. They claim that their method could depict a better alternative for the project and investors. Conventional security structures and issuance frameworks have not evolved in a long time. With the usage of blockchain technology, a transparent and trustless ecosystem can start to solve the information asymmetry that hinders the market’s potential for liquidity.
Maybe this method truly is paving the way for a new forefront in real estate development. As Stephen McKeon, a finance professor at University of Oregon, says: “One day you might be able to buy $10 of a single commercial real estate asset like the Empire State Building, or invest $100 in the development of a LEED-certified housing project.”