March 3, 2024

Press release

RedSwan CRE Tokenizes $4 billion Mixed Use GCC Portfolio for Dubai-Based Client

HOUSTON, TEXAS, United States, 6th Dec 2023 – In the rapidly evolving landscape of institutional and private capital markets embracing blockchain technology for real-world assets (RWA), RedSwan CRE (RedSwan) of Houston, Texas continues to tokenize quality real estate investment opportunities on the blockchain chain. On September 21st, 2023, the Houston-based tokenization company achieved a historic milestone by securing an exclusive assignment to onboard and distribute a $4 billion real estate portfolio onto the blockchain. RedSwan CRE, will design a tokenized fund structure to allow their client to manage a digital cap table and access new investors worldwide while mitigating risk for both wealth management & individual participants alike.

Managed by Dubai-based WhiteRocks Holding, the all-cash portfolio was appraised by global CRE industry leader Cushman and Wakefield. It now stands as one of the largest private client deals using innovative tokenization consisting of 36 mixed-use properties in the Middle East Gulf States region featuring an 80% stabilization rate across office, multi-family, retail, and industrial sectors, complemented by 20% prime development sites.

About the Region:
While the Middle East Gulf States real estate market is characterized by its stability, CBRE projects a 5.70% growth rate from 2023 to 2028, with a current development pipeline valued at $1.4 trillion.

Edward Nwokedi, Founder and CEO of RedSwan CRE, expressed his enthusiasm for this new chapter, stating:

“RedSwan has consistently led the charge in tokenizing commercial real estate, and we are thrilled to bring this monumental portfolio to market on behalf of our valued client. Prior to this historic undertaking, we successfully tokenized over $5 billion in CRE assets across the United States, amassing the largest selection of on-chain real estate inventory. The vast potential of RWA digital demand propels our mission as we guide our clients toward raising capital from digital sources. Our collective 65 years of experience in real estate capital markets and cutting-edge technology sets us apart, enabling RedSwan to deliver real-world Web 3 solutions. With a total addressable market exceeding $1.2 trillion, RedSwan is poised to become the BlackRock of tokenized real estate.”

WhiteRocks Holding shared their perspective on the power of Web 3:

“Our management recognizes the profound impact of Web 3 tokenization as a potent tool for global capital raising and investor liquidity. We eagerly anticipate implementing tokenization across all our future capital projects, with the RedSwan CRE team as our trusted partner to execute these transformative endeavors,” stated Dr. Raha, Head of Digital Assets for WhiteRocks

For media inquiries, please contact:

RedSwan CRE
Ed Nwokedi
CEO, RedSwan CRE Ed@RedSwan.io Houston, Texas USA

About RedSwan CRE
Established in 2018, RedSwan CRE has been unwavering in its dedication to tokenizing institutional-grade real estate into digital securities. Our RedSwan Markets division is registered with the SEC as a Registered Investment Advisor (RIA), bolstered by a team of licensed security broker-dealers managing transactional distribution. Founder and CEO Edward Nwokedi brings a wealth of experience as an 18-year veteran of the capital markets, having served in key executive advisory roles at Cushman and Wakefield and Colliers International. Currently, we are actively selecting RIAs, broker-dealers, and wealth managers globally to serve as valued distribution partners for our diverse portfolio of digital securities projects. Professionals interested in collaborating with RedSwan CRE are encouraged to contact us info@redswan.io.

Media Contact

Organization: RedSwan CRE

Contact Person: Ed Nwokedi

Website: https://redswan.io

Email: ed@redswan.io

City: HOUSTON

State: TEXAS

Country: United States

Release Id: 0612238106

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