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Tokenization of real-world assets creates new business models

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Key facts:
  • Specialists gathered to discuss this topic on the first day of the Santiago Polytechnic Conference.

  • For now, the existing regulatory framework has many grey areas.

Specialists in the field of asset tokenization agree on the importance of a regulatory framework that favors this growing activity. This was expressed during the Santiago Polytechnic University conference held yesterday, Sept. 23, in the Chilean capital.

Taking the stage were Adrián Jofré, founder of Yelli.io; Daniel Pardo, CEO of WBuild.io; and Sergio Del Pino, representative of Open Vino. They commented that. Real-world asset tokens are creating new investment markets and business models..

To clarify the concept, Del Pino-whose company is in charge of wine production-explained that it is. tokens in cryptocurrency networks that serve as proof of ownership of something in the real world.. This, according to the entrepreneur, allows access to markets without the permission of a third party, as is the case in traditional markets.

In line with this statement Pardo has spoken out. He has developed a platform for investing in real estate through tokens. He argues that this new model allows people to diversify their portfolios without having to resort to an investment fund. “You don’t need a third party to invest,” he emphasizes.

As an example, Jofré comments that through these systems. it is possible to “buy fractions” of real estate all over the world..

CryptoNews disclosed in February 2021 that. a Spanish real estate company was already implementing this business model.

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For Urritia, the tokenization of real-world assets amounts to a “democratization of investment.” This is, according to him, because anyone with a cryptocurrency portfolio can buy these kinds of assets.Beyond the required KYC identity checks.

What would the ideal regulation for tokenized assets look like?

As mentioned at the beginning of this report, participants in the Santiago Polytechnic Institute panel. desiring the implementation of an industry-friendly regulatory framework..

They specify that. this framework should leave fewer gray areas. These inaccuracies are currently common due to the fact that these are investments that can be made internationally. For now, the legislation pertaining to each token depends on each country. Urritia explains, “if a real estate company builds in Chile, the legislation that the buyer has to comply with is the Chilean legislation.”

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