Real estate mogul Barry Sternlicht says his firm is ready to tokenize assets, but U.S. regulation blocks it

Billionaire real estate mogul Barry Sternlicht stated that his firm, Starwood Capital Group, which manages over $125 billion, is ready to tokenize real-world assets using blockchain technology but is blocked by U.S. regulatory barriers. Tokenization involves converting asset ownership into tradeable blockchain tokens, potentially offering new capital-raising methods and access to illiquid markets. Sternlicht praised tokenization's technology as "superior" and the "future," comparing its early stage in the physical world to where AI is currently. He believes the world needs to catch up to this "fantastic thing." The article notes that other firms are already moving forward on a small scale, and Deloitte projects that $4 trillion of real estate could be tokenized by 2035, driven by the technology's potential to overcome operational inefficiencies and high administrative costs.

(Source：CoinDesk)