Katalyo using Telos blockchain to tokenize €30M worth of Croatian real estate

Telos, a web3-based blockchain platform, nowadays offered that no-code Dapp pattern platform Katalyo would possibly perchance be the utilization of the Telos blockchain to tokenize real estate in Croatia. Value approximately €30 million in total, the properties are positioned on the cruise of Croatia, one of many most exquisite locations in Europe to stay and talk over with.

Plenty of Croatian real estate portfolios will likely be tokenized on the Telos blockchain, with token holders receiving dividends within the make of fiat-based stable money generated from condo revenue. Two tokens will likely be issued, one representing ownership of the actual estate, and the 2nd a fiat-based stable coin for dividend payouts. The Katalyo platform will pork up your whole live-to-live direction of of investing, at the side of KYC/AML, and provides investors the flexibility to promote their shares by the utilization of a trim contract.

“We are at the essential light of tokenization revolutionizing the actual estate commerce. Telos has been building toolsets to fabricate it much less difficult for developers to accomplish instantaneous, price-much less, clear, and ruled tokenized economies besides to the adjoining instruments adore DeFi, harmful-chain transactions, decentralized files storage and oracles that lengthen their price even extra. With Katalyo now bringing their innovative no-code pattern suite to Telos, I query to survey an explosion of modern tokenized projects,” mentioned Douglas Horn, Chief Architect of the Telos Blockchain.


“Telos is without doubt one of many most developed blockchains for efficiency and is amazingly properly-good for tokenizing real estate,” mentioned Ivica Ljubicic, Co-Founder of Katalyo. “With Telos, we hang the instruments we would possibly perchance well like to pork up a posh platform, which helps us welcome investors to the Croatian real estate market.”

The Telos network currently supports 10,000 transactions per 2nd (TPS) with zero transaction costs. As properly as to elevated trudge and ability, Telos has many advantages over various platforms that fabricate it the most developed blockchain machine for building modern trim contracts and decentralized capabilities. As properly as to Katalyo, Telos additionally remains to be a half of with various companions within the crypto home, at the side of social affect startup All_EBT, interoperability platform Transledger, creative platform Newlife, privateness-centered social media DApp Murmur, and trading protocol EvolutionDex.

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