Blockchain can reshape the real estate buying process

Blockchain is already making transformative changes in the financial sector, and it only makes sense that this spills over into real estate finance. The blockchain network could essentially reshape the way property purchases are made.

Real estate financing can be a painstaking process that involves strict collateral requirements, which can lead to tedious conditions that must be met before financing a real estate loan. However, using blockchain technology can make the process more convenient.

“Using smart NFT contracts and remote meetings, real estate purchases can happen in minutes, not months, with investments agreed and signed with a few clicks on a smartphone,” a Forbes article explained.

Various companies are already developing platforms to streamline real estate transactions. This, in turn, provides enormous growth opportunities for the blockchain network to expand and spread, opening up investment options in exchange-traded funds (ETFs) that focus on the blockchain.

“Propy, an American real estate platform specializing in blockchain and NFT, delivered first official real estate sale using blockchain technology in 2021,” noted Forbes. “While still in its relative infancy, the company is making significant strides, overcoming its legal children’s problems and developing a workable system to define how the new era of real estate sales and transfers will work.”

Capture growth with this active ETF

An opportunity worth considering as blockchain begins to penetrate other business sectors such as real estate is Amplify Transformational Data Sharing ETF (BLOK). BLOK has an active management strategy that can flex with the market’s movements by placing the holdings in the hands of experienced portfolio managers.

Overall, BLOK adds diversified exposure and cryptocurrency exposure without investing in the currencies themselves. In addition, the fund offers diversification abroad by looking at opportunities outside the US

While the majority of the fund (75%) contains holdings in North American-based companies, the fund also diversifies with holdings in Western Europe and the Asia-Pacific, investing in companies that use and develop blockchain technology, the technology behind cryptocurrencies such as bitcoin. This means that the fund can gain exposure to growth opportunities abroad where this technology can be fully exploited.

Per its product websiteBLOK Features:

• A global equity portfolio of professionally selected companies involved in blockchain technology and indirect crypto exposure.
• An active management approach that can enable the fund to remain flexible, make timely decisions and identify companies best positioned to profit from the evolving blockchain technology space.
• The convenience and transparency of the ETF structure.

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