According to Odaily Planet Daily, Malaysia's real estate RWA project The Real Lifestyle Company (TRL) is about to be launched, which will tokenize residential properties worth US$23 million, and investors can purchase shares with a minimum of US$50.
TRL will provide asset "on-demand liquidity" services through the asset-backed token TRLX, and launch a global housing subscription service to meet users' global housing needs. TRL co-founder and CEO Adrian Gaffor said TRL is in a leading position in bridging the gap between crypto-native investors and traditional real estate opportunities.
TRL completed its first angel round of financing this year with a valuation of US$8.6 million. It will begin its expansion from eight properties in Dubai in the third quarter and will subsequently focus on projects in Malaysia and Bali.
