According to Cointelegraph, ChainCatcher reports that the RWA tokenization platform DigitShares has launched a tokenized real estate trading platform called RealEstate.Exchange (also known as REX) on Polygon. REX aims to provide a compliant secondary market for retail investors to invest in fractional real estate, potentially addressing existing liquidity limitations in the industry.
The REX platform will tokenize two luxury properties in Miami, Florida, including The Legacy Hotel & Residences, a building with 529 units managed by the real estate investment platform FraXion, and a residential complex with 38 units managed by Trade Estate. REX is licensed in the United States through Texture Capital, a registered broker-dealer with the U.S. Securities and Exchange Commission.
