“Issuing ownership rights in a building in the form of digital tokens creates the possibility of fractional ownership in a building. It is a more focused asset
than an interest in a REIT, which may be a share of ownership in several buildings and also a share of the debt taken on by the REIT. Tokenisation also offers the
prospect of using technology to lower transaction costs. Direct fractional ownership and lower transaction costs will, if it becomes popular, improve liquidity
and therefore asset values. There is value to be created by tokens.”
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