April 23, 2024

Harbor crypto project digitized real estate worth $ 100 million

The crypto project Harbor has agreed with iCap Equity on the digitalization of real estate for $100 million. Harbor has already issued tokens for iton the blockchainBlockchain
- It is a continuous and sequential block chain of information (digital linked list). When building a blockchain chain, copies of related blocksBitcoin block
is an element of the blockchain chain, a set of records of completed transactions in the cryptocurrency network. More details are simultaneously stored on many computers. More details Ethereum. 

Harbor and $ 100 million in real estate

iCap Equity manages four funds,specializing in the purchase and sale of real estate. In total, the company manages assets worth $100 million. According to the company, the Harbor crypto project transferred these assets to the Ethereum blockchain, issuing share tokens for them. 

Companies are confident that tokenization of real estate will allow customers to sell real estate much faster and cheaper.

"iCap provides investorshighly profitable investments. But such investments are usually accompanied by a temporary ban on sales for 3-5 years, since they concern real estate. Now, together with Harbor, we will be able to provide the same high returns, but the ability to sell assets is much easier.", –  says iCap Equity CEO Chris Christensen.

According to him, in order to withdraw from investing to investorsyou need to find a buyer who would be ready to wait until the end of the temporary ban on the sale. Harbor, on the other hand, automates this process, creating a market where the buyer and seller can make a deal.

  • In total, 1,100 iCap Equity clients and 17 broker-partners of the company will be able to use this market.