Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, October 06 2021 - 21:29
AsiaNet
Josip Heit: The market for tokenised real estate is highly dynamic
STOCKHOLM, Oct. 6, 2021 /PRNewswire-AsiaNet/ --

GSB Gold Standard Pay KB (Sweden): Josip Heit, entrepreneur from the 
technology, real estate as well as the luxury services sector, with companies 
operating worldwide, recently published his own website: 
https://www.josipheit.com, from which one can learn more about the entrepreneur.

In reference to a recent study by Hamburg Commercial Bank (HCOB) and the 
Frankfurt School Blockchain Center (FSBC) at the Frankfurt School of Finance 
and Management, Josip Heit notes that the number of German companies offering 
"tokenised real estate" is second internationally behind the US.

There are currently 41 companies in 17 countries worldwide that have already 
tokenised real estate. These are primarily active in the USA (13), followed by 
Germany (6) and Switzerland (4).

In general, Europe is far ahead of the rest of the world in this area, also 
with regard to the regulatory framework.

What is certain, however, is that some things, such as the implementation of 
digital land registers, will still take some time in technical terms. In 
principle, however, tokenisation makes it possible to denominate real estate as 
small as desired. According to Josip Heit, it is known that the promised annual 
savings can be in a wide range of up to more than 20 percent, among other 
things through the elimination of costs for bureaucracy and business trips.

Smart contracts also eliminate costs in the possible range of twenty per cent, 
and in some countries these may even be higher. If one considers that 
blockchain technologies can be used through the comfort zone of one's home, 
undreamt-of possibilities are inherited for the real estate sector, Josip Heit 
states in this context.

I am sure that the topics of blockchain and tokenisation are more than 
hot for the future, especially due to the great simplifications that speak for 
themselves for all parties involved and the high savings potential! Therefore, 
there are good future prospects for tokenised real estate.

As an investment instrument, the real estate token is comparable to a share in 
a closed-end real estate fund that invests in one or two properties.

Josip Heit explains: "Although the market for tokenised real estate is still in 
its infancy, the high dynamics can become a serious challenge, especially for 
providers of real estate funds, because for investors, tokenised real estate 
can be associated with above-average returns and lower costs, which should be 
particularly interesting for those investors who are open to corresponding 
innovations. Coupled with the divisibility of real estate and the thus 
significantly larger potential investor group, tokenised real estate can 
noticeably change this investment class in the long term."

The advantages of blockchain technology for the real estate sector in this 
context are almost gigantic; in particular, the divisibility of real estate 
into small, tradable units now offers real estate a larger investor group - 
which is why a revolution could currently be in the offing that will open up 
completely different and, above all, new opportunities for the entire real 
estate market worldwide!

Josip Heit concludes: "The use of blockchain in the real estate industry has 
many advantages, especially in the real estate sector! From property transfers 
to price negotiations, blockchain technology offers an easy way to securely 
conduct complex transactions." 
Website: https://www.JosipHeit.com 


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Josip Heit, 
Phone: +447470869360, 
Media@GSB.Gold
https://www.JosipHeit.com

Source: GSB Gold Standard Pay KB (Sweden)