Odaily Planet Daily News Real estate tokenization platform Homebase has completed the tokenization of its first single-family rental property. A $235,000 single-family home in McAllen, Texas, Homebase raised $246,800 in about two weeks to tokenize the home on Solana through a smart contract tied to an NFT created for the purpose .
According to Domingo Valadez, CEO of the company, the overall work took a year, and the compliance work took 7 months, including submitting documents to the US SEC and promoting security tokens to retail and qualified investors. Of the 38 investors who participated in the investment, 30 were not accredited, the documents show. The deal has a minimum investment of $500 to report to the SEC.
According to reports, Homebase supports USDC payment, allowing users to "one-click" to purchase tokenized property fragments. (Blockworks)
According to Domingo Valadez, CEO of the company, the overall work took a year, and the compliance work took 7 months, including submitting documents to the US SEC and promoting security tokens to retail and qualified investors. Of the 38 investors who participated in the investment, 30 were not accredited, the documents show. The deal has a minimum investment of $500 to report to the SEC.
According to reports, Homebase supports USDC payment, allowing users to "one-click" to purchase tokenized property fragments. (Blockworks)
