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23 April 2021

Vesta Equity and Algorand breathe new life into real etate tokenization

Vesta Equity and Algorand breathe new life into real etate tokenization


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Global equity marketplace Vesta Equity has chosen the Algorand blockchain to launch its new real estate tokenization services, disrupting a decades-old industry and opening up the possibility for homeowners to convert their equity into digital assets.

Sean Ford, Algorand’s COO, said his company and Vesta Equity share a common vision with respect to blockchain technology and its role in creating more opportunities for real estate investors.

Vesta CEO Michael Carpentier tells Cointelegraph that, by tokenizing real estate equity, his company is “converting financial rights associated with the traditional, real-world asset into a token that can be transacted digitally and benefit from advantages such as liquidity, transaction speed, and transparency.” 

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