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Sao Paulo, Brazil, Oct. 27, 2022 (GLOBE NEWSWIRE) — A Brazil-based blockchain and real estate project has recently announced its launching of a real-estate tokenization platform – Kodo Assets. Watchful of the demands of the real estate market and the evolution of blockchain technology, Kodo Assets, a real estate tokenization platform – which arrives in the market to democratize the access to real estate investment, help increase liquidity of such assets and reduce the barriers of access to this market, be it due to high transaction costs or red tape – , announces its first real estate tokenization project in Brazil.
Tokenization allows properties to be broken down into countless, small digital parts, which can be sold to many people for a relatively low unit price, thus democratizing the access to this type of investment. With tokenization, it’s possible to invest more accessible amounts in exchange for tokens of real estate assets. The real estate token is a low risk investment when compared to stocks or crypto assets and has a lower entry level cost, as the minimum ticket cost for investment is lower when compared to the real estate market. The token The market works globally, 24 hours a day, 7 days a week, and it has been estimated that the liquidity of the KODO1 tokens is considerably higher than investing directly in traditional real estate units.
The first property to be tokenized by Kodo Assets is a commercial property located on Faria Lima Avenue, a prime area of the city of São Paulo, and its total area is of 1,144.52m², with BOMA gross area of 552.58m², private area of 473m² and common area of 671.52m². The entire complex is currently rented by a large multinational.
The main revenue expected to be received from this property is rent. The yearly profitability expectation for the token is, with all discounts included, 6% until June 2023, and 6%+ annual adjustment of the rent using IGPM. The resulting value after fees will be distributed as dividends to KODO1, which emits the tokens that represent the inherent rights to the property. To do so, Kodo Assets will take care of the distribution of the revenue to the owners of each token to their own wallets, considering the participation of each in this venture. The payment of the proportional profits for the token holders will …
Full story available on Benzinga.com
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