$BTC 🇸🇻El Salvador completes the first real estate tokenization project
El Salvador has just inaugurated the Cobodosa warehouse worth 21 million USD, marking the first real estate project in the country funded through tokenization on the blockchain.
Instead of traditional fundraising, the project divides ownership into tokens on the blockchain. Anyone who buys tokens can receive profits from renting or reselling the tokens in the market.
This approach helps reduce investment costs, increase liquidity, and provide investment opportunities in real estate without having to spend a large amount of money. Tokenization is becoming a trend not only in El Salvador – even "giants" like BlackRock and JPMorgan are also jumping into this game globally.
