Galaxy Digital to Explore Real Estate Tokenization, Novogratz Says

[kreslik.news]

Billionaire investor, Bitcoin bull, and founder of crypto merchant bank Galaxy Digital Holdings Ltd. Mike Novogratz is the latest member of the crypto community to jump on the asset tokenization bandwagon. Asset tokenization is the practice of taking “real-world” assets, such as gold and real estate, and tying their ownership rights to cryptocoins so that they can be easily tracked and traded.

At a conference in Toronto held yesterday, Novogratz said that “there’s positive movement on the technology and there are new technologies coming,” and that “there’s positive movement on the institutional adoption of the architecture needed.”

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