KPMG executive: Institutional DeFi participants will bring commercial real estate on-chain

2024/06/19 14:11

Odaily News Kunal Bhasin, co-head of digital assets at KPMG Canada, said institutional investors will buy high-value commercial real estate shares tokenized on the blockchain when more opportunities arise. Bhasin said tokenization could change the owners of large commercial buildings, which have historically been limited to deep-pocketed real estate and pension fund managers. The technology could allow institutional investors, such as family offices, to own part of Torontos large shopping malls, Eaton Centre and other large buildings. Commercial real estate tokenization could actually make this possible. Bhasin predicts that this will become one of the largest institutional use cases in the cryptocurrency industry.

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