Grant Cardone To Tokenize $5B Of Real Estate, But XRP Is Not On His Partner Shortlist

Core Insights - Cardone Capital is preparing to tokenize its $5 billion real estate portfolio to enhance liquidity and provide collateral for investors in secondary markets [3] - The firm aims to lead the market in asset tokenization, offering high-quality investments traditionally available only to wealthy individuals and institutions [2] - Other real estate companies are also exploring tokenization, with projections indicating that $4 trillion in real estate could be tokenized by 2035, growing at an annual rate of 27% [6] Company Overview - Cardone Capital has managed multifamily and commercial properties across the U.S., distributing over $500 million in cash flow to investors over the past decade [2] - The firm is considering partnerships with various blockchains, including Solana, Polygon, and Avalanche, for its tokenization efforts [3] Industry Trends - Tokenization is seen as a way to streamline ownership recordkeeping, trading, and settlement, although challenges such as uneven regulation and limited liquidity in secondary markets persist [4] - The market for tokenized real estate is currently small but is expected to expand rapidly, driven by increasing interest from both investors and real estate leaders [6]