BRIKitt has already emerged as a leader in India, when it’s come to Proptech platforms offering Fractional ownership. It has gain lots of popularity and traction with its unique and disruptive business model in second and holiday home market segment and leading the space with close to 1000 transaction with a GMV of close to whopping 70crore in just 2 years. Now as they have already solved the entry barrier in real estate industry through fractionals and now anyone and everyone can participate in Real-estate investing with a ticket size as low as 5 lacs only now they are all set to solve the next bottleneck of this gigantic industry which has been one of the key barrier since beginning #Liquidity. Liquidity is always been a major concerns in real estate as it’s an high ticket size tangible assets and takes quite long to sell and exit unlike equity or mutual funds. Hence identifying the potential of block chain technology and Tokenization BRIKitt is all set to provide better liquidity to its investors and increasing bandwidth of its over all eco system. So let’s understand what and how BRIKitt is making an illiquid assets into liquid through blockchain Tokenization.
What is Tokenization?
The block chain technology is promising and is expected to transform most of the financial assets and technological models due to its transparent, immutable and distributed structure. The blockchain technology has brought along with it so many benefits and tokenization are one of them. Blockchain can today inject liquidity into previously cumbersome markets. Let’s take a better look at tokenization.
Tokenization
Tokenization is a process where some form of assets are converted into a token that can be moved, stored, or recorded on a blockchain. This might sound complex in a way. Tokenization in simple terms converts the value of an object like a painting or carbon credit into a token that can be transferred and manipulated on a blockchain system.
For instance, Bitcoin can be said to represent tokenization of computing power and electrical use into a medium of exchange. The aim here is to understand that a blockchain is a platform or system and has a structure that permits trading of items that can’t be easily traded. For example, you can’t trade computing power or electrical use without tokenization. Additionally, it has benefits over traditional paper markets in terms of speed, accountability and security.
How does tokenization work?
The world is full of assets most of which are difficult to subdivide and transfer. Instead, buyers and sellers trade papers representing those assets. However, papers involve a lot of legal agreements which are cumbersome, difficult to transfer and can be daunting to track. Tokenization has made this easier by switching all these processes along lines of Bitcoin but linked to the assets.
How does BRIKitt implementation works?
BRIKitt will be introducing 2 types of Tokens one is Ownership Tokens and other one will be Utility Tokens. Where as ownership Token will represent the ownership of the assets and utility Token will provide usage and rental rights to its holders. Now BRIK owners would able to sell and liquidate their ownership Tokens on BRIKitt market place as well as other regulated block chain exchanges on immediate basis which will provide them instant liquidity. Apart from this BRIK owners will also be entitled to recive timely rewards and bonus tokens against their active participation on BRIKitt market place so the can make extra income and referral benefits.
This will also strengthen the over all eco-system and bring in financial inclusion with other blockchain eco-system to further provide more benfits and greater returns to its users in longer run. Ownership tokens also work as governance token which will give voting rights to its holders to make key decision such as selecting interiors , upgradation , aqquiring new assets and much more which will bring in more transparecy and power to its BRIKowners and token holders.
With this BRIKitt aims to empower and create wealth for all its stake holders and make differences in their over all lifestyle and help achieve financial freedom through the one of the worlds best and secured asset class.
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