Tokenized real estate trading platform launches on Polygon

RealEstate.Exchange, also known as REX, selected Polygon because of its low transaction fees, fast settlement times and security features.

Real-world asset (RWA) tokenization platform DigitShares is bringing tokenized real estate trading to Polygon with the launch of RealEstate.Exchange, also known as REX.

According to a March 25 announcement, REX is designed to offer retail investors a compliant venue for fractional property investments in a secondary market, potentially addressing the industry’s existing liquidity constraints. As Cointelegraph explained, secondary RWA trading platforms provide liquid off-ramps for investors looking to cash out of their holdings. 

The REX platform will launch with two luxury property listings in Miami, Florida, including The Legacy Hotel & Residences, a 529-unit tower managed by real estate investment platform FraXion, and a 38-unit residential complex managed by Trade Estate.

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