FAQs
Introduction
What is real estate tokenization?
Real estate tokenization is the process of converting ownership or rights to a real estate asset into digital tokens on a blockchain or a privately-held digital platform. In traditional real estate transactions, ownership is represented by physical documents and can be cumbersome to transfer. Tokenization leverages (blockchain) technology to represent ownership digitally, making real estate assets more divisible, liquid, and accessible.
Why tokenize real estate?
Tokenizing real estate offers several benefits that can transform the traditional real estate industry. Some of these benefits include but not limited to: - Liquidity - Fractional Ownership - Accessibility - Global Reach - Efficiency and Transparency - Reduced Costs - Automated Processes with Smart Contracts - Faster Transactions - Increased Market Efficiency - Diversification
Authentication
How do I create an account on Tokenision?
To join the platform, you need to first register through the hompage of the platform by providing your email address and then undergo the identity verification process. This process is quickly completed after providing personal and identity information and submitting the required documents.
What information is required during signup?
To register and undergo identity verification, the user needs to provide their personal information such as name, last name, national identification number, etc., and contact information including email, cellphone number, country, province, city, and residential address. Additionally, the user is required to upload at least the image of one of their identification documents, which may include a national ID card, passport, driver's license, etc.