Tokenization was front and centre at Demo Day for the Colliers Proptech Accelerator Powered by Techstars, a prestigious event attracting thousands of real estate and investment professionals
BRED, a blockchain-based private equity firm, was one of the lead presenters, showcasing its innovative platform for tokenized ownership in North American commercial real estate
Companies like BRED can also use the blockchain to tokenize their next capital raise on the stock exchange, driving efficiencies and cost savings at every stage of the offering lifecycle
Tokenization was top of mind at the Proptech Summit in Toronto this week, where the Colliers Proptech Accelerator Powered by Techstars featured presentations from 10 innovative, ready-to-scale startups in the real estate sector - including BRED, a Canadian private equity firm whose blockchain-based, tokenized investment platform attracted considerable attention.
The event drew a capacity crowd of real estate and investment professionals in person, as well as thousands more worldwide via livestream.
A Showcase for Blockchain Technology
Another blockchain startup, AREX, joined BRED in pursuing this innovation, though the two companies took very different approaches that showcase its power and versatility as a real estate technology.
AREX’s real estate blockchain can digitize, manage and close complex real estate transactions, while BRED’s platform is a marketplace for property owners to tokenize and trade equity in their portfolio with investors around the world, unlocking liquidity and increasing access to the real estate market.
During his opening remarks, Techstars Managing Director Ben Liao emphasized how blockchain technology goes beyond quick wins for workflow or customer experience, with the potential to disrupt entire industries - typically on long timelines.
The fact that two participants in the Accelerator are blockchain companies is a sign that a fundamental change in business processes is well underway.
Companies that participate in the Techstars Accelerator often move on to notable success, with several conducting an IPO to fuel future growth.
DID YOU KNOW? Investors can trade digital assets including Bitcoin, Ether, and tokenized securities such as stock offerings on the Blockstation platform.
“Tokenization is the key to unlocking liquidity in commercial real estate, and we’re truly excited to be one of the trailblazers in this space. We have tokenized over $100 million of commercial real estate, with another $200 million in the pipeline. Investor confidence in this technology is at a tipping point, and we look forward to driving it even further as we build on the momentum of our successful experience with Colliers and Techstars.”
— Dr. Walter Heidary, co-founder and co-CEO of BRED.
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