A blockchain entrepreneur, with the help of a former real estate i-banker, will mint the world’s first virtual property REIT in October. It could be listed on a public exchange as soon as next year.
Tokens.com, a publicly traded company based in Toronto that facilitates investment in digital assets, signed a letter of intent to buy a 50% stake in a portfolio of digital real estate owned by Metaverse Group, which plans to subsequently spin off the portfolio as Metaverse REIT — the first REIT for digital real estate NFTs, or non-fungible tokens.