RWA tokenization company RedSwan CRE has been approved to tokenize a $4 billion real estate portfolio

ChainCatcher news, according to Thetokenizer, RWA tokenization company RedSwan CRE obtained an exclusive authorization on September 21 to tokenize a real estate portfolio valued at $4 billion and release it on the blockchain. RedSwan has over $5 billion in tokenized commercial real estate assets across the United States and aims to position itself as a significant player in the tokenized real estate sector.

The portfolio was evaluated by global commercial real estate (CRE) industry leader Cushman and Wakefield and consists of 36 mixed-use properties in the Gulf region of the Middle East, showcasing an 80% stabilization rate across office, multifamily, retail, and industrial sectors, as well as 20% of prime development land.