Many cryptocurrency projects focused on improving the real estate industry have begun to climb the market cap rankings in early 2018. While the real estate crypto projects on this list are relatively fresh off of completing their ICOs, they have already had a lot of success and have quickly gained the attention of crypto investors, property investors, and real estate professionals.
*All stats were calculated on February 25, 2018.
1. LATOKEN (LA)
Market Cap Ranking: 307
Market Cap: $23,885,177
Circulation: 77,839,404 LA
Since LATOKEN’s ICO ended in October 2017, it has continued to climb in the market cap rankings. LA’s platform is already operational and allows investors to trade tokenized shares of Apple, Tesla, Google and other blue chips, as well as gold, oil and real estate ETFs via crypto. LA helps investors diversify their portfolios and enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
LATOKEN is based on a profitable home equity marketplace and a back office for hedge funds founded by Valentin Preobrazhenskiy, who invested $1 million in these businesses. The LATOKEN team has a strong track record in hedge fund management, development of marketplaces, trading terminals and has worked at companies such as Avega Capital, McKinsey, BCG, Ernst & Young.
This project has made significant progress in a short period of time and has ambitious plans for the future. While this project started as a home equity online broker in 2013, the LATOKEN team has since established several strategic partnerships and created a platform that aims to make LATOKEN the Amazon of Tokenized Assets by 2020.
2. Propy (PRO)
Market Cap Ranking: 310
Market Cap: $22,954,346
Circulation: 16,735,940 PRO
Propy is focused on solving the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry. Propy will serve as a way for home buyers to purchase property internationally. This process has traditionally been very complex and time-consuming.
Initially, Propy will approve online home purchases made on its platform and work with local authorities to approve title deeds on a one-by-one basis. In the long-term, Propy hopes to establish partnerships with legal officials in the world’s largest real estate markets so that any purchase approved by Propy will automatically serve as a legally-binding transfer of property from one Propy user to another.
Propy hopes to enable P2P transactions by July 2020.
3. REAL (REAL)
Market Cap Ranking: 537
Market Cap: $6,366,398
Circulation: 10,055,817 REAL
REAL (Real Estate Asset Ledger) aims to help real estate investors by eliminating intermediaries, improving transparency and liquidity, lowering barriers to entry, and alleviating tax issues associated with cross-border transactions. REAL’s platform is designed to reduce the friction between real estate buyers and sellers.
Ultimately, investors will be able to use this platform to generate rental income and value appreciation of properties. Anyone will be able to participate by exchanging REAL tokens for economic rights to properties. Profits will be paid back in Ether.
REAL released a beta version of its platform on February 23, 2018. Here are some more details about how people interested in learning more REAL can test out the platform.
4. ATLANT (ATL)
Market Cap Ranking: 541
Market Cap: $6,135,658
ATLANT is addressing two of the most pertinent problems in real estate with its decentralized blockchain platform: tokenized ownership and global P2P rentals. ATLANT hopes to become the “AirBnb Killer” by reducing fees for both the tenant and lessor and minimizing the possibility of fake reviews/forged ratings.
Similar to Propy, ATLANT has a long-term goal to establish partnerships with local authorities around the world to simplify the real estate transaction approval process. ATLANT will do this by integrating the ATLANT platform with blockchain-based governmental registries without having to first place real estate into incorporated SPVs (Special Purpose Vehicles).
The ATLANT platform launch is expected to take place sometime in March 2018.
5. REX (REX)
Market Cap Ranking: 946
Market Cap: $4,970,295
Circulation: 8,660,756 REX
REX is working towards becoming the world’s most advanced global real estate data marketplace where data is locally sourced, validated, and secured via the Ethereum blockchain, smart contracts, and cryptoeconomics.
The REX platform is intended to be a foundational utility for real estate professionals, from market research to closing. Traditionally, only large companies have had the ability to buy and sell data. With REX, data will be democratized. Users will retain ownership of their own real estate data and have the ability to earn rewards/collect fees for their data.
REX will launch the alpha version of its platform sometime very soon.
The roadmap for delivering these functionalities begins with the REX Partner Alpha, which will take REX’s marketplace for real estate data live. The platform will be rigorously tested by some of the most prestigious real estate firms in New York City, Philadelphia, and Washington DC.