Trading in commercial real estate with digital tokens looked like it was going to blossom into a significant sector a couple of years ago until the crypto collapse gave blockchain a bad reputation.
Now, a San Mateo-based developer is putting blockchain front and center in a new $500M CRE fund.
SteelWave has launched SteelWave Digital, a fund that allows investors to convert limited-partner cash stakes into digital tokens they can invest in commercial real estate acquisitions, the San Francisco Business Times reported.
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