Hedera is pushing its tokenization agenda forward with a partnership with RedSwan CRE.
The protocol’s push to drive mainstream adoption is seen as a major boost for HBAR.
Hedera, a well-known open-source decentralized network, recently announced a strategic partnership with RedSwan CRE, a commercial real estate tokenization marketplace. This partnership is anticipated to expose the masses to the real estate market and increase the adoption of Hedera’s native token, HBAR.
RedSwan CRE leverages Hedera's network
According to the announcement, RedSwan CRE will use Hedera’s secure and efficient network to transform real estate investing through tokenization. With RedSwan CRE, individuals can own a fraction of a property instead of purchasing the entire asset.
RedSwan CRE is breaking barriers with its revolutionary platform, transforming high-value assets into accessible and flexible digital investments. Leveraging the Hedera network, RedSwan CRE aims to ensure that tokenized real estate is available to the masses.
Notably, the Hedera platform streamlines the tokenization of physical and digital assets, making them liquid, fractional, and transparent. Hedera offers unmatched performance, security, and compliance for thriving tokenized economies.
Using the efficient and secure#Hederanetwork, @RedSwanCRE is transforming real estate investing through #tokenization. With their innovative platform, they are breaking down barriers by turning high-value properties into accessible and flexible digital investments. #RWA
Hedera enables the efficient development of multiple asset classes, unlocking trillions of dollars in illiquid assets. At the same time, the network provides organizations and developers with powerful tools to drive the evolution of financial markets. Hedera’s partnership with RedSwan CRE is set to reshape the commercial real estate industry.
Tokenization involves converting ownership of physical or financial assets into digital tokens recorded on the blockchain. This approach allows for fractional ownership, making high-value assets such as real estate, bonds, and stocks more accessible to a broader range of investors. Through tokenization, previously illiquid assets become easily tradable, increasing liquidity and democratizing investment opportunities.
Analysts predict that the tokenized asset market will reach $16 trillion by 2030. To achieve greater success in this competitive environment, Hedera’s efforts go beyond RedSwan CRE. According to a CNF report, global fintech company Zoniqx recently chose Hedera to drive its tokenization agenda.
Additionally, the Hedera Foundation has partnered with Copper, a leading provider of institutional digital asset infrastructure services. CNF reported that the collaboration aims to accelerate institutional adoption of the Hedera protocol.
Impact on HBAR
As commercial real estate becomes available to the masses through the partnership between Hedera and RedAwan CRE, HBAR is expected to see increasing adoption.
This will translate into an increase in the prices of the digital asset. In fact, HBAR is currently in a bullish phase following the announcement of the partnership.
At the time of writing, HBAR is trading at $0.3042, showing a 4.1% increase over the past 24 hours. The daily trading volume increased by 70.48% to $1.4 billion, suggesting investors’ willingness to accumulate the token.
Market analysts have predicted that HBAR’s recent rally won’t stop anytime soon. A popular analyst with the username @BlockAxis on social media platform X is targeting $100 for HBAR. Looking at the current price trend, the partnership with Hedera, and the ecosystem developments, the future looks bright for HBAR.