Lumia Foundation and Sen Group have announced a groundbreaking $1B+ framework agreement to tokenize real estate properties, marking a transformative moment for the industry.
The groundbreaking partnership marks the first-ever full-scale tokenization of an entire real estate property. As part of this initiative, the first fully tokenized property will be unveiled during a press conference at the World Economic Forum in Davos on January 23, where Lumia will showcase its advanced tokenization technology via the Lumia HUB.
It took less than 6 months for the Lumia Foundation to finalize the legal and regulatory framework for this landmark deal, ensuring compliance with Turkish legislation.
According to its own statements, Lumia is not just tokenizing real estate; it is building a comprehensive ecosystem that integrates Real World Assets (RWA) with cutting-edge Web3 technology. This ambitious vision includes more than 20 upcoming projects, creating unprecedented opportunities for the crypto community to engage with tangible, high-value investments.
“Lumia is focusing on the perfect combination of real-world business and Web3 technology. By merging large-scale RWA initiatives, such as this groundbreaking real estate project, within its massive incoming ecosystem of 20+ projects, Lumia is poised to offer the crypto community unprecedented opportunities, including exclusive access to assets and innovative experiences,” Kal Ali, co-founder of Lumia Foundation, says.
This ecosystem-driven approach highlights Lumia’s commitment to innovation and its mission to bridge traditional finance with blockchain technology, paving the way for a more inclusive and decentralized financial future.
“We’ve seen significant investor interest even during the preparatory phase of the tokenization. The prospect of completing the first-ever full-scale tokenization of an entire property is truly inspiring. The opportunities for RWA in real estate this year are phenomenal,” noted Kal Ali
The tokenization will make high-value real estate investments accessible to smaller private investors.
As for Africa, our continent is waiting for its own crypto start-uppers as this business requires only knowledge and does not need infrastructure investments Africa lacks.
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During the upcoming World Economic Forum in Davos, on January 23 Lumia Foundation will highlight how tokenized properties integrate seamlessly into DeFi ecosystems, enabling trading, lending, borrowing, and staking. With investor interest already mounting, this agreement signals the beginning of a new era in real estate, offering unparalleled opportunities for small and large investors alike.
About Lumia foundation
Lumia Foundation is a next-generation blockchain platform providing end-to-end infrastructure for RWA transactions. From asset tokenization to enabling millions of private traders to participate in DeFi and Web3 ecosystems, Lumia is revolutionizing the way real estate investments are managed. The company was founded by brothers and entrepreneurs Kal and Yanush Ali, who rose from humble beginnings to build a thriving and innovative enterprise.
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