O’Meara Lands a Real Estate Titan
The deal is one step in creating a global, real-time secondary market for tokenized real estate.
Editor’s Note: Tokenized real estate is talked about as one of the biggest opportunities for DLT transmogrification. Yet, valuing real estate is far more challenging that valuing a public company, making the creation of around the clock secondary markets a gargantuan challenge. Expect more deals such as this one by those creating solutions. As always, if you have news of your own drop us a note at “editors@cefiwire.com”.
Connect to CeFiWire! JUST ONE LEAD PAYS FOR YOUR MEMBERSHIP
To access to our exclusives, simply send an email to Veronica@CeFiWire.com and we will provide a trial and enterprise pricing. Or call us at 646-450-3474. It’s that simple…
You Get …
✅ Unlimited members from your company for one price
✅ Daily exclusives and links to the info your team needs
✅ Invites to in-person meetings and conferences
👍 And, as a bonus you will help create an industry community and the benefits to everyone that come with it.
Detroit-based Inveniam has been one of the key tech platforms for the tokenization of real estate assets. Now it will also provide piping for real estate services provider Cushman & Wakefield. The New York City-based company will use the Inveniam blockchain platform to manage data used in appraisals and transactions that is provided to clients across the sixty countries in which it operates.
Patrick O’Meara, Inveniam’s Chief Executive Officer, said that the technology will be used to deliver middle-office capabilities to Cushman & Wakefield. That capability creates the “potential to rapidly accelerate the tokenization of real estate assets,” he added.
Rob Skinner, executive managing director and Cushman & Wakefield’s U.S. lead for valuation and advisory, also contends that the platform will ease the trading and tokenization of private real estate on secondary markets used by major financial institutions.
One key way the technology will help tokenization is in simplifying real estate appraisals and transactions by cutting down on the number of intermediaries and duplication of efforts. Faster and more efficient appraisals have the potential to allow real-time global trading of tokenized real estate while still providing transparency into the assets.
The platform will provide “real-time data surveillance” and transform the way asset data is credentialed, extracted, structured and delivered for clients – providing better data quicker, according to Sal Companieh, chief digital and information officer at Cushman & Wakefield. He added that the platform will provide additional opportunities for clients that need reliable data.
Source: Cushman & Wakefield Release
Patrick O’Meara, CEO of Inveniam
Sponsor CeFiWire! Create Community
Every community needs its daily rag … make us yours.
We are seeking charter sponsors for CeFiWire’s launch. This is an opportunity to provide unique value to your clients and partners. Sponsors get …
✅ Memberships for industry players of their choosing.
✅ Branding in emails and on the Web site.
✅ Unique benefits negotiated directly with our ad sales team
Contact Veronica@CeFiWire.com or call 646-450-3474 for more information.
