SteelWave's $500M CRE Fund Offers Tokenized Stakes

SteelWave Digital aims to buy office buildings with tokenized fund.

By Jack Rogers | May 30, 2024 at 05:40 AM

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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