In the first offering of its kind, U.S. investors can now acquire a piece of South Carolina real estate in the form of blockchain tokens. The tokens represent ownership in a luxury student residence called The Hub, pictured above, which is located near the University of South Carolina in the state’s capital.
The offering is significant because it amounts to the first tokenized REIT in the U.S. This means the owner, Convexity Properties, is providing a traditional real estate investment but one that uses blockchain—a tamper-proof ledger technology run across disparate computers—to parcel out stakes. Read more