Metrospaces, a proptech company powered by Dallas-based Shokworks, launched a beta version of its MetroCrowd platform today. In August, Metrospaces announced its HQ2 in Deep Ellum.
The blockchain-powered tokenization platform is designed to “democratize” the real estate investing process, according to the company.
“This is a closed beta for all of our early adopters. It’s a way in which we’re stress-testing the platform,” Metrospaces CTO Alejandro Laplana said in a statement. “We’re looking forward to seeing our beta testers’ feedback and constructive insights so we can polish and release a first-class platform when we go live.”
CEO: platform could “reshape the real estate market”
“This is a pivotal moment for us at Metrospaces. MetroCrowd’s unique platform creates a true distinction between Metrospaces and all other proptech companies,” Metrospaces CEO Oscar Brito added in the statement. “We believe this beta and our upcoming launch are ideally timed to reshape the real estate market for coming generations.”
MetroCrowd offers benefits not found on traditional real estate platforms, like:
Fractionalization: Tokenization lowers the bar to investment entry by allowing interests in the asset to be more easily divided among a wider group of investors.
Democratization of Real Estate: “MetroCrowd enables the widespread participation of any investor in the global real estate market, through the acquisition of stable tokens backed by the most prestigious properties in the world’s most important cities,” the company says.
Operational efficiency: Implementing “smart contracts” to close deals digitally and securely can cut out intermediaries in the real estate sector, allowing investors to acquire properties more directly with reduced costs and time.
Reduced liquidation time: Tokenized product transactions can be liquidated almost instantly, as opposed to the days or weeks often needed to settle traditional financial transactions.
The beta testing will include 200-300 users, the company said.
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