Joel 🏰

🎉 We're excited to announce the successful completion of our third Introducing Real Estate On-Chain (IRO) project at CitaDAO! A prime industrial property in Singapore’s Midview City has been tokenized, marking a significant step in our mission to democratise access to the world's top real estate markets. This is a big step for us in proving that tokenization of real-world assets, especially real estate, will serve as a significant growth catalyst for the DeFi sector. Read on to find out more: A quick recap, IRO 3, which ran from 18th April to 16th May 2023, 𝐡𝐚𝐬 𝐧𝐨𝐰 𝐜𝐨𝐧𝐜𝐥𝐮𝐝𝐞𝐝. We would like to extend our sincerest gratitude to all participants. This industrial unit, in sunny Singapore, boasts a gross rental yield of 5.5% per annum. The property that has not only been brought onto the blockchain but also made more accessible to all via tokenization. Addressing liquidity challenges has been a core part of our mission. Our previous IRO, 20SML0253SG, served as a testament to our success. The token is currently swappable on Uniswap, with $290k (46% of the real estate value) in Total Value Locked. We unlocked tremendous value and ensured liquidity by leveraging Uniswap v3. This creates the opportunity for RET holders to boost their rewards by taking on the role of market makers, creating a DeFi yield farm powered by Real World Assets (RWA). With sufficient liquidity, RET holders can transact anytime, anywhere. This assurance of liquidity eliminates traditional hurdles in real estate market, making RETs an attractive prospect. Our progress will unlock new sources of capital from yield-producing assets and new users into the DeFi realm. By tapping into the immense value chain of traditional markets, DeFi platforms can generate novel opportunities and use cases for their users. We are unwavering in our belief that tokenizing real-world assets is a powerful catalyst for mainstream DeFi and crypto adoption. Our tokenization projects are fueling DeFi sector growth, attracting fresh capital and users, and fostering the development of groundbreaking applications. Stay tuned for further updates on the minting and claiming of Real Estate Tokens (RET) for this IRO. To our valued participants, keep an eye on our Twitter and Discord announcements. The future of real estate is here, and it’s digital. Stay tuned for our next IRO announcement.