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AirSwap P2P Exchange to Launch Crypto For NY Real Estate Market

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Wed, 12/09/2018 - 8:44
AirSwap P2P Exchange to Launch Crypto For NY Real Estate Market
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The decentralized trading AirSwap company is collaborating with a Propeller, registered with FINRA. Together they will use the P2P trading protocol developed by AirSwap to create an online venue where real-estate brokers and their customers can turn their securities into tokens in the way that is in line with the rules imposed by the US Securities and Exchange Commission.

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New York business

AirSwap and its new partners intend to operate in the real estate market of New York, even though the details of how they plan to fulfill it have not been disclosed yet.

The idea seems odd since AirSwap is a decentralized crypto exchange (DEX) and this kind of platforms operate more like a search engine platform that brings buyers and sellers of crypto together by means of a P2P mechanism.

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The AirSwap team intends to cut down the time that it takes to have a deal with securities in a secondary real-estate market completed. If now it takes a few months, they hope to turn it into a few days.

Similar business ideas

Other startups have been working on similar projects too. A while ago, a large crowdfunding company Indiegogo teamed up with a broker-dealer firm in order to set off with its first security token offering. The tokens that are planned to sell on it would represent equities of a high-end resort in Aspen, CO.

Another example is a crypto company Swarm. Recently, it has started emitting coins which are valued as equity in private IT companies, such as the crypto trading app Robinhood. The goal of this move is to ensure additional liquidity for this class of securities in the secondary market.

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