$655 Million Worth of Homes to be Built Using the First Real Estate Token on Blockchain
FORT WORTH, Texas, May 25, 2017 /PRNewswire/ -- Serene Country Homes Group, a U.S. based developer, launched a new digital asset token called "RET" (Real Estate Token) and announced its Initial Coin Offering last May 19. The American developer became the first corporation to use ACCHAIN blockchain tool for asset digitization. Serene Country Homes introduced their first digitized property: Sendera Ranch, a residential development project that will add 2,385 homes worth $655 million in the red-hot Dallas-Fort Worth (DFW) housing market. The Sendera Ranch RET will allow the American developer to build the community faster and bring more homes into the supply-constrained DFW market. Property investors stands to benefit most from RET as it aims to provide them with the liquidity to a popular fixed asset.
"Blockchain is a groundbreaking technology that will change the economic landscape and revolutionize industries the way industrialization shaped the 18th and 19th century. I am thrilled that our group is at the forefront of ushering the real estate industry with the introduction of RET. It's an exciting innovation that will certainly open new opportunities for everyone in the industry! This is the first of many projects we are hoping to launch in the RET ecosystem. As we expand to more markets, RET will help us to realize our goal of bringing affordable homes to more families in North America," as remarked by Serene Country Homes' President and CEO, Dirk Foo.
The launch of RET marks the arrival of commercial applications of blockchain and ACCHAIN is setting that trend. The ACCHAIN platform is leading the way in the digitization and circulation of assets through their global asset chain, providing businesses with a faster, safer and more secure way of reaching investors worldwide. The platform has also recently launched ACC (Asset Collection Coin), the standard general token in their platform, that will allow the exchange of digital assets from various regions. RET and ACC made a big splash when it launched in the market and has caught the full attention of investors across the U.S. and China.
About Serene Country Homes Group
Serene Country Homes is a real estate development group based in Fort Worth, Texas, focusing on bringing affordable homes in several communities within the metro.
Contact:
Matthew Carreon
P: 682-404-7110
E: matthew.carreon(at)serenehomes(dot)com
Related Links:
www.serenehomes.com
www.acchain.org/en/index.html
https://youtu.be/c7qw67HDEWk
SOURCE Serene Country Homes Group
Share this article