Singapore firm dips toes into blockchain tech for property
(Source: The Business Times, Singapore, 28th July 2017)
Singapore “prop-tech” companies are digitalising property, in the form of real estate asset-backed “tokens” on the blockchain. FundPlaces is one of the two prop-tech companies adopting this cryptocurrency concept in the form of TILES. Through TILES, FundPlaces aims to 1) increase transparency for investors, 2) reduce cost of investment and 3) increase liquidity of real estate investments.
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