Assetblock partners with Algorand on tokenized realestate investment platform

AssetBlock has launched its commercial real estate investment platform on Algorand, a blockchain designed for the next generation of economic exchange. Through a joint venture with Lodging Capital Partners (LCP), a premier owner and asset manager of high-performing, upscale, and luxury hotels, AssetBlock also announced $60 million of exclusive hotel properties that will be tokenized on the platform. Investors will have access to properties that are unavailable to the public and additionally will be able to directly exchange Algos (Algorand’s digital currency) for their share in the properties. 

Real estate is the world’s largest asset class, yet 80% of the $7 trillion commercial real estate investment market in the U.S. is controlled by institutional investors. AssetBlock’s platform expands decentralized participation in previously gated opportunities by working directly with top-tier partners and filling critical funding gaps for them. Thus, barriers to entry for non-institutional investors are greatly reduced, resulting in superior deal access, compelling economics, and a smoother investment process while also facilitating a lower cost of capital for real estate partners.

“We created AssetBlock because the modern economy was in need of modern technology. We saw an opportunity to build a solution that brings traditional and non-traditional real estate investors and professionals together efficiently, creating more opportunity for all involved,” said Mike Liddell, CEO and founder of AssetBlock. “Lodging Capital Partners represents the caliber of real estate investment partner that AssetBlock is proud to offer access to on our platform. LCP has invested in a portfolio of properties valued at more than $1.5 billion and continues to deliver strong performance.”