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tZERO Partners With Global Real Estate Development Company ROI Group ™ To Tokenize $50 Million Worth Of Dubai Real Estate On Tezos

tZERO and ROI Group ™ have partnered to digitize and trade $50 million worth of Dubai real estate on the Tezos blockchain.

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Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

tZERO & ROI Group ™

The tZERO – ROI Group™ Security Token Offering (STO) entails a real estate project in Dubai that is to be built over the next couple of years and should be realized by the end of 2023.

The STO will be issued in the third quarter of 2021 to raise capital for the project and to offer investors the opportunity to gain a preferred equity position at an early stage through the sale of security tokens.

Raising capital through preferred equity positions is very common for large real estate projects that need additional capital. But doing so through an STO, offers more liquidity to investors, which is a breath of fresh air in the traditionally illiquid real estate asset market.

Additionally, tokenizing the total investment and offering the STO on a platform like tZERO’s, lowers the capital threshold for investors by large margin. Investors with less capital to invest, are now able to invest in these types of assets that were previously only accessible to an elite group of investors.

These developments expand the reach for attracting capital from a larger group of investors. Very interesting for both investors and developers of large real estate projects.

It was stated in a press release:

“This represents ROI Group™’s first digital security project of what could be one of many future digital security offerings. […] ROI Group™ has multi-billion dollars in assets under management, with properties in the United States, Canada, and the Middle East. It specializes in land development, real estate investments, and passive co-investing.”

Tezos

Decentralized blockchains are known to fork (split in two separate chains) on occasion. Sometimes by accident, as we’ve seen with Ethereum last November, when several of the biggest applications and assets on Ethereum were stopped for hours.

Forks can also happen with intent, when no consensus can be reached within the community. Bitcoin has seen quite a few hard forks and Ethereum was forked from Ethereum classic.

Either way, these hard forks can pose a serious risk: certain assets can not be duplicated. But if a blockchain splits, then everything that lives on the original chain will be live on new chains too. And when there is confusion about which of both chains is the official chain, then there could be confusion about which of the set of tokens is the real deal.

For strictly regulated assets like STO’s, this could cause big problems. Problems could include regulatory, technical, legal and other issues that have to be resolved after the event.

Tezos’ on-chain governance creates a smooth and swift upgrade process and ensures legitimacy for upgrades and protocol changes. In any case, the on-chain governance system eliminates the risk of confusion and discussions about what Tezos is.

Tezos represents the ultimate mitigation of fork-related issues for anything that’s built on Tezos. To read more about how and why this is the case for Tezos in this article: “Hard forks can be a risks for DeFI, NFT’s and STO’s. Here’s how Tezos avoids this issue.”

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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