Crypto has designs on real estate

Quick Summary:

Buying blockchain-listed slices’ of properties is a nascent, niche and troubled market.

Can it find its feet beyond the crypto crowd?

Mathew, a 42-year-old from Toronto has invested $1,250 in six homes through Lofty, including family homes in Ohio, Chicago and Florida.“I am involved in some other crypto projects . . .[but] cryptocurrency is very volatile so I put my assets into something a little bit more stable,” he says.“I’ve always wanted to own my own place but in the conditions now I can’t do it — getting a downpayment is difficult.” He has made a roughly 10 per cent return over two years.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nikou Asgari

Category: MarketsFinanceInvesting

Markets: United States

Topics: Properties Property Market Says Asset Tokens Lofty Estate Money Investors Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 11:00:45 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 2361 words

Reading Time: 14 minutes read

Sentences: 15 lines

Sentence Length: 158 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23118538

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions