In a notable step forward, CitaDAO has successfully completed it’s third Introducing Real Estate On-Chain (IRO) project.
The location, a prime industrial property in Singapore’s bustling Midview City, exemplifies their commitment to “broadening access to one of the world’s top real estate markets”. As a bridge between traditional finance and decentralized systems, CitaDAO is bringing a new wave of Real Estate innovation.
Empowering Users, Addressing Liquidity
CitaDAO’s ongoing IRO efforts work to solve the liquidity challenges plaguing the Real Estate industry today. Although Singapore is already home to one of the most vibrant housing markets across the world, CitaDAO believes that tokenization will assist in unlocking it’s true, immense value.
“Not only did we create a more valuable asset by democratizing access to this premium property, but we also ensured constant liquidity in the market by leveraging the concentrated liquidity pool of Uniswap v3”.
In a previous IRO, it’s native RET (Real-Estate Token), had more than 46% of it’s supply locked in liquidity pairs on Uniswap, making secondary transactions convenient for all token holders.
This proved that their vision ” for a liquid real estate market is not just a concept, but a tangible reality and it is achieved while fully adhering to the existing legal framework.”
These successful tokenization efforts by CitaDAO have laid the groundwork for a significant growth catalyst for the DeFi sector.
By unlocking new capital streams from yield-producing assets, the platform invites new users and capital into the DeFi space, consequently generating innovative opportunities and applications.
[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]
Featured Image Credit: ChainDebrief