Skip to main content

CryptoNewsBreaks – HouseBit Corp. Unveils New Ownership, Occupancy Model with Completion of First Fully Tokenized Property in Miami

HouseBit, based in Miami, has completed the first fully digital, real estate tokenization on a property in downtown Miami; the transaction used cryptographic decentralized blockchain technology. Miami-based International Realty Group, a Florida- licensed, full-service boutique real estate brokerage specializing in the luxury market, was also involved in the transaction. According to the announcement, the tokenization involved the combination of HouseBit’s patent-pending technology and a land trust created specifically for the property, which issued 1,000 ownership tokens, including a single occupancy non-fungible token (“NFT”), which provides the right to occupy the property. The other ownership tokens represented  proportional ownership in the property. This is the first time a Florida land trust has been created for decentralized ownership and occupancy rights. The company noted that ownership tokens and the occupancy token will be available on Uniswap and OpenSea beginning today, with full descriptions available on the Multiple Listing Service. “Real estate is really the last digital frontier, and we have been inspired by the mayor of Miami’s support for the crypto industry and innovative applications of blockchain technology. This is why we chose Miami as our headquarters,” said HouseBit cofounder and senior vice president of corporate affairs Lawry Trevor-Deutsch in the press release. “We are very excited that the public will finally be able to reap all the benefits of Web 3.0 for real estate including simplicity, security and the ability to enter the real estate market at virtually any financial level. Our goal is to democratize real estate and allow people to have full control over their real estate holdings.”

To view the full press release, visit https://ccw.fm/DexiF

About HouseBit Corp.

HouseBit is a company specializing in the development and implementation of digital real estate and real estate technology. For more information about the company, please visit www.HouseBit.com

About CryptoCurrencyWire (“CCW”)

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.

To receive instant SMS alerts, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)

CryptoCurrency News Wire is where News, content and information converge via Crypto.

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.