NEWSBTC: Global Reit - The First Shariah-compliant REIT Using Blockchain

  • Sunday, 06 May 2018 08:25
Global REIT is also a real estate investment company. But what separates it from its peers is the exclusive integration of blockchain technology. Tokenizing a globally recognized investment standard offers better liquidity, and it also offers transparency of funds thanks to an established public ledger framework. The company is using smart contracts to settle investment contracts between the parties. Global REIT calls itself the first Shariah-compliant REIT to be launched in the market.The non c: project seems to be solely focused on acquiring real estates in the UAE area. The paper mentions that they are close to acquiring their first Asset under Management worth $75 million in Dubai. They are also setting up a long term goal to expand such acquisitions, adding as much as 10 billion Dollars to its portfolio value by the end of the next five years.

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