Grant Cardone to Tokenize $5 Billion Real Estate Portfolio
- Grant Cardone’s firm, Cardone Capital, plans to tokenize its $5 billion real estate portfolio.
- The initiative aims to provide investors with collateral and liquidity in secondary markets.
- Cardone Capital manages multi-family and commercial properties across the U.S.
- In June, the firm purchased 1,000 BTC as part of a long-term strategy involving Bitcoin.
- Deloitte forecasts that $4 trillion in real estate could be tokenized by 2035, growing at an annual rate of 27%.
Tokenization is gaining traction among asset managers for transforming traditional assets into blockchain-based tokens, particularly in real estate where it can enhance ownership transparency and trading efficiency. However, regulatory challenges continue to pose obstacles for broader adoption.
Cardone Capital’s move reflects a growing trend in the industry, with significant potential for tokenizing assets as evidenced by Deloitte’s projection of $4 trillion by the year Token.
