Real estate tokenization can help build wealth in Africa: RedSwan’s CEO

Real estate tokenization can help build wealth in Africa: RedSwan’s CEO
Design by Ifeoluwa Awowoye for Mariblock

“We’re really interested in Africa. We think that’s an untapped market, ... and we think that the tokenization industry can start building wealth and adding value to people’s lives”

The marriage between blockchain and the real estate industry creates opportunities for several individuals previously limited by capital, lack of trust, and transparency.

By tokenizing commercial real estate (CRE), individuals can buy fractional shares of high-quality real estate, and developers gain access to liquidity that would traditionally have been unavailable to them.

In an exclusive interview with Mariblock, Edward Nwokedi, the founder and CEO of RedSwanCRE, discussed the potential of these assets in Africa. RedSwan enables affordable investments in CRE properties by tokenizing real estate assets.

“We’re really interested in Africa. We think that’s an untapped market. And we think that the tokenization industry can start building wealth and adding value to people’s lives. … Blockchain is on a whole different level that people can’t grab to cheat or disrupt,” he said.

He added:

“So I think it is a business that’s gonna change activity in Nigeria and I think create wealth for individuals so that they don’t have to worry about currency devaluation in their savings accounts.”