June 26, 2024
DigiShares and its RealEstate.Exchange (RE.X) project have been accepted within the European Blockchain Sandbox’s second cohort.
This sandbox is an initiative of the European Commission and establishes a pan-European framework for regulatory dialogues to increase legal certainty for innovative blockchain technology solutions. It has been set up and is being operated to facilitate the dialogue between regulators and innovators for private and public sector use cases. Legal advice and regulatory guidance will be provided in a safe and confidential environment.
DigiShares’ acceptance follows a competitive selection process, led by blockchain experts from Warren Brandeis and overseen by a panel of independent academics.
Claus Skaaning, CEO of DigiShares: “With RE.X, we aim to build the first compliant global trading platform for tokenized real estate shares. Compliance with securities regulations is of course a top priority for us and working within the European Blockchain Sandbox will be crucial to develop a successful trading venue.”
About RE.X
- Tokenization of Real Estate: Companies can tokenize real estate assets that can be traded on a secondary marketplace.
- Automated Market Maker (AMM) System: Unlike traditional exchanges using an order book system, REX uses an AMM system to facilitate trading through liquidity pools without requiring direct buyer and seller matching.
- Liquidity and Rewards: Companies can provide liquidity through real estate tokens and USDC and earn passive income from swap fees, enhancing the liquidity of traditionally illiquid real estate markets.
- Security and Compliance: All participants undergo KYC/KYB procedures ensuring a secure and compliant trading environment.
- Economic Inclusion: By enabling fractional ownership and lowering barriers to entry in terms of capital raising and trading, REX democratizes access to real estate investment, supporting the EU’s economic inclusivity goals.
- Operational Efficiency: Utilizing DLT, REX streamlines trading, clearing, and settlement processes, significantly reducing the time and cost involved.
- Transparency and Security: Enhanced transparency through DLT-based records ensures a clear overview of ownership and aids in combating money laundering and terrorist financing (ML/TF).
About DigiShares and RE.X
DigiShares is a leading provider of asset tokenization solutions, enabling businesses to digitize and trade their assets on blockchain technology. The company’s platform provides a secure and compliant environment for tokenizing a wide range of assets, including real estate, art, intellectual property, and financial instruments. DigiShares is committed to helping businesses unlock the value of their assets and reach new markets. DigiShares will soon be launching the world’s first blockchain-based exchange for real estate, RealEstate.Exchange.
