RedSwan CRE, a Houston-based blockchain-based marketplace focused on tokenized commercial real estate, announced that its subsidiary RedSwan Markets has received FINRA approval for U.S. Securities and Exchange Commission broker-dealer membership.
According to the company, FINRA approval will allow both RedSwan Markets and RedSwan CRE to legally offer and sell digital securities of commercial real estate shares from their digital marketplace platform. Ed Nwokedi, founder and CEO of RedSwan CRE, said the companies can “expand our reach to a broader range of institutions, family offices, broker-dealers, RIAs, and money managers by offering digital asset securities as an alternative to traditional illiquid products.”
“Tokenization will prove to be a game changer for the commercial real estate capital markets,” added Will Powers, president of RedSwan Markets. “With the recent news of institutional adoption, we are extremely excited to be a part of this space and look forward to growing the industry with our partners.”
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