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Grant Cardone’s Cardone Capital Plans to Tokenize Real Estate Portfolio

Cardone Capital aims to enhance investor liquidity by tokenizing its $5 billion real estate holdings, exploring Layer-2 blockchain solutions for the initiative.

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Summary

Grant Cardone’s Cardone Capital has announced plans to tokenize its $5 billion real estate portfolio to increase liquidity and expand access to blockchain-based ownership. The firm seeks a Layer-2 partner to support the effort, which follows its acquisition of 1,000 Bitcoin in June 2024. This move is part of a broader trend of asset tokenization in real estate, though challenges persist due to regulatory uncertainty and low secondary market liquidity. Deloitte forecasts $4 trillion of real estate to be tokenized by 2035.

Terms & Concepts
  • Tokenization: The process of converting ownership of real-world assets, such as real estate or securities, into digital tokens recorded on a blockchain.
  • Blockchain: A decentralized digital ledger that records transactions securely across a network of computers.
  • Layer-2: A secondary framework built on top of an existing blockchain to improve scalability and efficiency, often used for faster transaction processing and lower fees.