Stellar-based Smartlands entered into a partnership with a multi-billion dollar company called Colliers International.
This is a global leader in real asset services and also an investment management company that targets trillions of dollar worth of real estate market ripe for tokenization.
Smartlands Platform is a Stellar-based security token issuance platform, and it has eventually teamed up with Colliers International, a global leader in real asset services and investment management company.
The platform that will create innovative opportunities for investors and asset owners on the Stellar network is now ready to play a game with the company that has assets in 69 countries and has managed about $2.7 billion in revenue in 2017.
The new partnership to explore new possibilities of securing real estate
The new partnership will basically “explore the possibilities of a securitizing real estate in a digital world in general and to jointly create a Stellar-based real estate tokenization project based on select properties managed by Colliers International,” according to the official announcement.
Ramune Askiniene, the CEO of Colliers International Advisors in Lithuania commented on this partnership and said:
“The global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization.”
The company is reportedly pleased to cooperate with the Smartlands Platform which seems to have just the perfect grasp on asset tokenization on Stellar.
Arnoldas Nauseda, the CEO of Smartlands Platform said that “Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry,” continuing to explain that the company was smart enough to enter the partnership right away.
As expected, the Stellar community was also beyond excited about this new partnership. The main reason is that the Stellar-based Smartlands and Colliers International will definitely add to the adoption of Stellar.