The tokenization of real assets became a way to offer fresh funds for various sectors of the economy and, in addition, provides an option for accessible investment for Latin American citizens who have little access to the capital market.
That was one of the conclusions reached by the panel. “Global Asset Tokenization Projects in the Real World” which took place on the first day of Labitconf.
In this regard, Matías Simonefrom Ficha de Tierra, told how Landtoker works: “The idea is to give it a digital representation of the field on the blockchain. Thus, one hectare represents one token.”
“It is giving potential investors the possibility of having a part of productive land,” but at an affordable price since a field costs approximately 1 million dollarsSimone explained. “This way, anyone can own it from $100”he expressed and added that it brings important benefits to producers such as “give liquidity” since you can sell the field flexibly and in fractions.
For its part, Bruno Drobetatold his experience with Rext. “We come from real estate but we put a technological layer on it” because, he illustrated, ““Construction is the most capitalized sector in the world, but access is increasingly limited to fewer people.”
“We entered into large investments to have small tickets. And now we incorporate products with mortgage debt. The first investment we made was a hotel in the United States. We have an average ticket of US$20,000 but you enter from u$s1,000traceability is resolved,” he added.
In turn, the expert Eduardo Novillo Astrada revealed that through blockchain the gap between different sectors is reduced: such as the city and the countryside. “This technology gives us the possibility of returning to barter. For example, using your corn harvest as a form of payment to request a loan”he launched.
He also said that tokenization will change the economy of Latin America. “In countries with a developed capital market, 80% of workers invest there, but in LATAM this happens with less than 2%. Therefore, it is about offering the possibility for people to save on things they consume and know”said Astrada.
Finally, Manuel Echanovefrom the polygon laboratory, said that blockchain adoption is one of the most organic in the region. Because “There is a very difficult and necessary exercise”. The second phase of asset tokenization is to think about the connection with the global web3. “Imagine an asset if it moves as collateral atomicly and independently around the planet”hill.
Source: Ambito
