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The Telos (TLOS) project on August 27 announced that it would be tokenizing $35 million worth of real estate in Croatia in collaboration with DApp development platform Katalyo.
- The project will use two tokens, one that represents ownership of the real estate property and the other a stablecoin
- Investors will receive dividends through the stablecoin token, which represents the rental revenue
- Katalyo will handle investors purchases, the sale of assets and KYC/AML procedures
- Telos is an open source fork of the EOS blockchain
- Multiple projects, such as RealT and Meridio, are tokenizing real estate, while others are focused on tokenizing art and commodities
Related Reading:
- Aave to tokenize mortgages
- Aave’s founder wants to tokenize Tesla
