Xinyuan Real Estate Funded UPRETS Tokenizes Luxury Brooklyn Development

UPRETS has been working hard on the tokenization of The Oosten property in Williamsburg, Brooklyn. Funded by (NYSE: XIN), UPRETS is a digital security issuance platform with a focus on transforming the global asset market.

Benzinga · 11/12/2019 09:51

UPRETS has been working hard on the tokenization of The Oosten property in Williamsburg, Brooklyn. Funded by (NYSE: XIN), UPRETS is a digital security issuance platform with a focus on transforming the global asset market. This luxury development project features 216 units and is Xinyuan Real Estate Co., Ltd's first project in New York City. The project features 1, 2 and 3-bedroom units.

"UPRETS intends to lead the rest in the real estate sector through this Oosten project. We want to open up real estate investments to everyone through blockchain technology. The future of blockchain is now. We have now moved from speculating what blockchain technology can do to actual usage."