An Andreessen Horowitz-backed company is launching a new way for investors to own a piece of a luxury dorm in South Carolina through digital token sales
|11/28/2018||Posted by BusinessMediaguide.Com under General World News||
- A new company backed by investors including Andreessen Horowitz on Tuesday launched a token sale for a luxury student-housing complex near the University of South Carolina.
- The company, called Harbor, is using blockchain technology to reduce friction for investing in real estate.
- Several notable investors — including Michael Novogratz, the founder and CEO of the crypto investment firm Galaxy Digital Capital Management — have tapped into the idea of tokenizing traditional assets.
Investing in real estate can be lucrative, but it also involves a great deal of tedious work, from finding an appraiser to preparing mountains of paperwork. Now, a new company called read more >>>