Re.al has officially launched its mainnet, unveiling a new blockchain platform designed to manage tangible assets like properties and commodities and commits to distributing all profits to users.
Operating on Arbitrum (ARB) Orbit and utilizing Gelato’s Rollup-as-a-Service, re.al has enjoyed a strong start with $40 million already invested and 190 properties primed for tokenization.
The platform seeks to address ongoing challenges in decentralized finance (DeFi) by increasing asset accessibility for trading, enhancing interoperability, and ensuring seamless transactions.
“re.al’s speed, adaptability, and security perfectly align with our goal of cultivating an ecosystem focused on tokenizing real-world assets,” stated Jag Singh, CEO of re.al, when explaining the decision to opt for Arbitrum Orbit.
Right from the outset, re.al offers users an array of tokenized assets such as real estate and Treasury Bills. Singh has introduced an innovative concept known as Basket tokens, which consolidate individual properties into a single, more liquid ERC-20 token. This inventive approach tackles common liquidity issues and simplifies the handling and integration of these assets into other financial systems.
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Initial offerings and innovations
“Decentralized finance aims to democratize financial services, eliminating the necessity for traditional middlemen. By intertwining real-world assets into the Arbitrum ecosystem, re.al is turning this vision into reality,” highlighted Peter Haymond from Offchain Labs, underscoring the broader mission.
“Re.al is merging advanced blockchain technology with practical web services. This fusion is positioned to expedite the adoption of real-world asset apps and has the potential to significantly reshape the blockchain landscape,” Hilmar Orth, founder of Gelato, shared his enthusiasm for the platform’s possibilities.
Re.al is collaborating with Gelato RaaS and other partners like LayerZero and RedStone Oracles to enhance the capabilities and scope of its app ecosystem. This collaboration boosts the platform’s functionality and ensures a more widespread impact within the blockchain community.
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