Kodo Assets, a Brazilian real estate crypto assets company, has come up with distinctive features to tokenize real estate properties in the country.
The concept of blockchain technology in the real estate sector is burgeoning, and the Brazilian real estate market namely São Paulo is also moving with the flow. Kodo Assets comes into the picture with the motive to democratize investors’ access to the real estate market via tokenization.
The company caters to a new way of investing in tokenized properties using blockchain technology. The digital token of the Kodo Assets — KODO1 — represents real properties enabling further diversification for investors’ portfolios.
São Paulo is a Brazilian city classified as an alpha global city with a growing number of real estate companies. Speaking about São Paulo, Helena Margarido, Kodo Assets advisor says, “ … An increasing appreciation of real estate is a natural conclusion, given the importance of São Paulo in the world.”
Meanwhile, Kodo Assets CEO Ciro Iamamura states: “We are talking about global access to markets that, until now, were local, limited by the geographic location of properties or because they were only available to qualified investors.”
With tokenization, small digital parts of a property can be acquired by several people at an interesting price. The Kodo Assets team believes that asset tokenization is fundamental to revolutionizing the real estate market, worldwide.
Additionally, the crypto asset project has some unique features: it works 24 hours globally and this leads to an increase in demand for the KODO1 token. The expected net annual profitability of the KODO1 token is 6% until June 2021 and 6%+ annual rent adjustment by the IGPM.
According to Iamamura, the owner of the token will receive income from the rentals of the property proportional to its participation in the tokens, versus the total number of tokens issued by the project.
Specifically, compared to stocks or cryptocurrencies, the real estate token is a low-risk investment and whoever owns the token can access all information about it, on the blockchain available for consultation.
The first tokenized property is located on Faria Lima Avenue, in a prime and unique area of São Paulo. This location is currently rented by a large multinational company. With the KODO1 ticker, it has a total area of 1,144.52m² and a gross area of 552.58m², a private area of 473m², and a common area of 671.52m². The total supply is 25,000 tokens, with a selling price of US$140.00.
The minimum purchase of the token is 1 unit of KODO1 token, with no maximum amount set, with a total supply of US$3,500,000.00. The acquisition will take place in the second half of December 2022. Stablecoins such as USDT, USDC, and BUSD will be accepted for the purchase of tokens.
For purchasing the KODO1 token, the investor must fill out the form and follow all the next steps on the official website of Kodo Assets. Besides the current token, the Kodo Assets team is also planning to release new real estate tokens such as KODO2 and KODO3 in the first quarter of 2023.
Interested investors can participate in the tokenization process by visiting the official website and by following its social media accounts on Twitter, Facebook, Telegram, Instagram, YouTube, and TikTok.
About Kodo Assets
Kodo Assets was created in 2022 to resolve problems in the real estate market. The company provides a new way of investing in tokenized properties in São Paulo, an alpha global city famous for its real estate market. Kodo Assets uses its native token KODO1 for tokenization in the real estate sector using blockchain technology.
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