Real Estate Security Token Industry Records Exponential Growth April 11, 2020 April 11, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 11, 2020 by Kelly Cromley

Real Estate Security Token Industry Records Exponential Growth

The budding Real Estate Security Token (REST) industry has recorded steady growth in the first-quarter of 2020.

Last month, RealT saw listing of three new properties, along with doubling of real estate token trading volume.

Real estate security tokens now account for 50% of bustling security token markets and 15% of aggregate volume.

In January, tokens mirroring partial ownership in three real estates in Detroit, Michigan generated monthly income of $19,950.

The tokens symbolize partial ownership in rental incomes received from the property.

Tokens associated with a house on Fullerton St. accounted for over 50% of trade with $11,150 in volume.

Similarly, a property on Marlowe St. also recorded $7,057 in tokenized trade. In Audubon St. a property generated $1,43 in tokenized trade.

Overall, the three properties accounted for 10.3% of entire security token trade. February also recorded pooled volume of three properties rise 25% to $24,393.

Specifically, Fullerton St. tokens recorded a 20% increase in volume. In the same time frame, Audubon recorded doubling of monthly volume.

Nevertheless, a 70% rise in volume throughout all tokenized securities caused real estate tokens accounting a mere 7.5% of the 329,000 digital securities market at the end of February.

In March, the inclusion of three lively REST markets on RealT resulted in doubling of monthly security token trade to $47,584.

New bustling markets for real estate on Applione, Leisure, and Patton streets resulted in revenue of $24,590. Similarly, Marlowe, Audubon and Fullerton generated $22,994.

With total tokenized security activity flattening in March, RESTs’ market share of security token dealings surged to 14.5%.

Overstock intends to spark an increase in activity in the tokenized security markets, revealing that OSTK shareholders will be awarded ‘OSTKO’ security tokens in the ratio of 1:10, and 4.37 million tokens have been allocated for this purpose.

The tokens will be solely listed for trading on overstock’s tZERO alternative trading system, which currently records average daily trading of $8,700.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.