Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

Real estate mogul Grant Cardone announced via X that his firm, Cardone Capital, intends to tokenize its $5 billion portfolio of multi-family and commercial properties. The goal of this move is to provide investors with collateral and liquidity in secondary markets, positioning Cardone Capital as a leader in large-scale asset tokenization. This follows Cardone's previous move into cryptocurrency, having purchased 1,000 BTC in June as part of a long-term strategy. Tokenization is gaining traction among asset managers as a way to streamline ownership, trading, and settlement for traditional assets like real estate, though regulatory uncertainty remains a hurdle. Other industry leaders, like Barry Sternlicht of Starwood Capital and The Trump Organization, are also exploring tokenization, with Deloitte projecting that $4 trillion in real estate could be tokenized by 2035.

(Source：CoinDesk)