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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.