
RealtyReturns
Investment Platform Providing Real Estate Investments Using Cryptocurrency (ETH).
Date | Investors | Amount | Round |
---|---|---|---|
$25.0k | Seed | ||
Total Funding | 000k |
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RealtyReturns operated as a financial technology firm focused on the real estate sector, founded in 2016 by co-founders Manny Fernandez, who served as CEO, and Rexford Hibbs, the COO. The company's primary objective was to address liquidity challenges within the real estate investment market through the use of blockchain technology.
The firm developed a real estate crowdfunding platform that enabled both accredited and non-accredited investors to participate in debt and equity investments. Its core product was the creation of a security token, specifically an open-source ERC-20 token on the Ethereum blockchain, designed to establish a decentralized and compliant protocol for how asset-backed tokens are issued and traded. This mechanism was intended to allow investors to more easily sell their shares in properties, thereby creating a more liquid market for an traditionally illiquid asset class. The platform specifically aimed to help overseas investors and others secure their capital in income-generating properties while offering an instant liquidity option.
RealtyReturns' business model centered on providing cross-border access to commercial real estate investments, functioning as a blockchain-based marketplace. The platform was designed to facilitate the raising of loans against property for developers and property owners. The company participated in an accelerator/incubator program in October 2016 to support its growth. According to available records, RealtyReturns ceased operations around December 2021.
Keywords: real estate crowdfunding, security tokens, blockchain real estate, ERC-20 token, property technology, fintech, real estate investment platform, asset-backed tokens, decentralized compliance, cross-border investing, real estate liquidity, Manny Fernandez, Rexford Hibbs, real estate debt, equity investments, property investment, tokenization, real asset marketplace