SUMOTEX, a blockchain company, introduces the future of DeFi in the form of AssetFi, where people can liquidate their real estate assets, which allows cross-border accessibility to investors.
Cayman Islands - April 11, 2023 —
Cryptocurrency might be the future of finance, as proved by SUMOTEX AssetFi Protocol, a company that introduced tokenization and fractionalization of real estate assets. This project aims to bring Web3 into real estate and institutional financing to make them more liquid. Talking about his revolutionary crypto idea, the CEO commented: “We are finalizing the details of a mega tokenization project on our protocol worth 250mil USD. It will be a mixed development with a Development Value of 1.1 Billion USD”.
Contemporary Solution to Traditional Means of Financing
The problem with off-chain assets like real estate, bonds, shares, securities, and investment funds, is that they could be more liquid. Meaning there is no ease of converting these assets into cash. The reason being it takes more time and effort to sell them. SUMOTEX prevents people from this slow and tedious means of financing. With Bitcoin pumping into the financial stream under the Ethereum system, now the idea is that this slow process of dealing with off-chain assets can be easily resolved by converting them to on-chain assets.
The Future of Real Estate: Enhanced Liquidity
When asked how SUMOTEX resolves this liquidity problem, the CEO replied, “SUMOTEX is a financial technology that enables the use of traditional underwriting methods with the speed, transparency, and reliability of modern digital finance through AssetFi Protocol.” How it works is that the on-board asset managers will issue funds after the governance protocol approves the asset. The future of real estate lies in the fact that this technology allows Over-the-Counter (OTC) products to be traded around the world on public tradeable platforms, providing instant liquidation. With the assistance of its innovative and revolutionary technology, it makes the public market transparent, hence, easier to trade in.
One of the main pillars of the AssetFi protocol is that it makes the off-chain assets from centralized to decentralized. The benefit it does is that it removes unnecessary parties in between, giving complete authority to the person involved with the assets. Moreover, it removes the regulatory control of a central authority, like banks. In contrast, Decentralized Finance (DeFi) allows transborder transactions and asset management, which makes it easier to capitalize on the market.
Conclusion
Financial technology has been groundbreaking in regard to traditional financing methods. It has changed the means of cash by allowing a substitute for Bitcoin and Cryptocurrency. However, now it is also giving solutions for OTC products as well. SUMOTEX is becoming a leading company in initiating this change. With its innovative methods, it has tried to resolve a prevalent issue in financing and trading, i.e., real estate. With the project AssetFi, people can invest exclusively through its proprietary tokenization method.
Contact Info:
Name: Mike
Email: Send Email
Organization: SUMOTEX
Address: Cayman Islands
Website: https://sumotex.co
Release ID: 89094022
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