Friday, March 16, 2018

Quantm Real Estate Looks To Combine Blockchain, Real Estate

Santa Monica-based Quantm Real Estate, a new startup looking to combine real estate investing with blockchain, the cryptocurrency technology behind such things as Bitcoin, said this week that it has launched a new service whih will help the average person invest in real estate. According to Quantm Real Estate, the company is aiming to enable the primary issuance and secondary trading of "tokens" backed by fractional equity interests in single-family residences in the U.S.--a way to give cryptocurrency owners a token with lower market volatility. In addition, the company said that its system will allow homeowners to take out equity in their home without debt. Quantm Real Estate's CEO and founder is Matthew Sullivan. Quantm's tokens are based on allowing homeowners to tap into their home equity, and providing value behind that token based on the collective equity in the real estate backing that token.

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