The REX platform, developed by DigitShares, is launching on the Polygon blockchain, offering retail investors the chance to engage in tokenized real estate trading.
REX Platform Launch
On March 25, the launch of the REX platform was announced, designed to provide retail investors a venue for fractional property investments in the secondary market. The platform will start with two properties in Miami, including The Legacy Hotel & Residences and a 38-unit residential complex.
Supported Real Estate Types
According to DigiShares CEO Claus Skaaning, REX will support various property types including residential, commercial, and luxury real estate. An additional 5-6 properties are in the pipeline.
Current and Future Plans for REX
REX is licensed in the United States and continues to expand, eyeing registrations in South Africa and the UAE. The company plans to participate in an EU blockchain sandbox to register under MiCA and MiFID frameworks.
The launch of REX on the Polygon blockchain promises significant changes in the tokenized real estate sector, offering new opportunities for investors and addressing existing liquidity issues.
