Real Estate Insights Is tokenization of real estate ready for lift off in APAC?

Chow, Yuen Leng; Tan, Kok Keong

doi:10.1108/jpif-10-2021-0087

Cited by 17 publications

(18 citation statements)

References 2 publications

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“…Centralized control and processes are currently used for the issuance, monitoring and sale of securities and financial instruments within existing capital and monetary systems (Subramanian, 2019). It has been found that real estate tokenization is still in its early stages with real estate tokens in several Asia Pacific countries (Chow and Tan, 2021). Therefore, tokenization is found as a reasonable funding source in Asia Pacific to improve undercapitalized industries (Chow and Tan, 2021).…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

“…It has been found that real estate tokenization is still in its early stages with real estate tokens in several Asia Pacific countries (Chow and Tan, 2021). Therefore, tokenization is found as a reasonable funding source in Asia Pacific to improve undercapitalized industries (Chow and Tan, 2021). The future also lies in making NFT as a possible option to trade on platforms and used as digital assets that can be traded on various exchanges.…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

“…Environmental cost is also another concern (Chohan and Paschen, 2021). To enter a record into the Ethereum blockchain, significant computing must be done, resulting in significant energy consumption (Chohan and Paschen, 2021; Chow and Tan, 2021; Di Vaio and Varriale, 2020). Recently, EA, Ubisoft and Square Enix indicated interest in NFTs and blockchain-based video games, and the US Government declared that NFTs will now be regulated, as if on cue (Chohan and Paschen, 2021; Chow and Tan, 2021; Di Vaio and Varriale, 2020).…”

Section: Discussion Of the Findingsmentioning

confidence: 99%

“…However, this theory contributed by outlining the characteristics of a security token architecture in a platform such as Ethereum (Holmquist et al , 1999; Subramanian, 2019). The portfolio theory contributed to identify ownership, sale, management and investment in blockchain and DLT in the real estate sector (Chow and Tan, 2021).…”

Section: Findings Based On the Thematic Reviewmentioning

confidence: 99%

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Knowledge development in non-fungible tokens (NFT): a scoping review

Behl

Pereira

Nigam

et al. 2023

JKM

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Purpose The purpose of this paper is to investigate the potential of NFTs in revolutionizing innovation management and information systems. Innovations done by firms are blatantly used by other firms to develop cheap knock-off. This leads to huge economic loses to the firm investing in research and development activities. Firms are in need of trusted, immutable and verifiable means of storing information which cannot be used by others, even if publically available without their consent. Non-fungible tokens (NFTs) appear to be one such solution to this problem that has recently attracted a lot of investor interest. Using NFTs the information is tokenized and is stored in a secure manner. Design/methodology/approach Through this scoping review, the authors investigate the influence of NFTs towards the innovation management from the dual aspects of management and information systems. This scoping review is underpinned by the five-stage framework by Arksey and O’Malley. The five stages of Arksey and O’Malley’s framework were used in this analysis to classify the literature through five stages of identifying the initial research questions; locating relevant studies; study selection; charting the data; and compiling, summarizing and reporting the results. Findings This study suggests that NFTs on the blockchain have significant potential to revolutionize innovation management and information systems. Theoretical frameworks used in investigating the role of digital tokens in blockchain management are mainly based on contracts, diversity theory, portfolio theory and faking likelihood theory. The study reveals gaps in the literature, particularly in the under-researched areas of behavioural psychology and social psychology theories. The appropriate regulation and regulation authority for different types of digital tokens are required. The study also presents archetypes that represent patterns in the current landscape of blockchain tokens, which have significant potential for future research and practical applications. Originality/value This study is unique in its approach to assessing the future of NFTs in the field of innovation and information management. While many existing reviews have focused on describing the progress and development of NFTs in the past, this study takes a forward-looking perspective and projects the future potential of NFTs. This innovative approach allows for a deeper understanding of the potential impact of NFTs in various fields such as entrepreneurship, innovation management and tokenomics. Therefore, this study contributes to the literature on NFTs by providing insights and recommendations for future research and practical applications.

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Section: Discussion Of the Findingsmentioning

confidence: 99%

Section: Discussion Of the Findingsmentioning

confidence: 99%

Section: Discussion Of the Findingsmentioning

confidence: 99%

Section: Findings Based On the Thematic Reviewmentioning

confidence: 99%

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Knowledge development in non-fungible tokens (NFT): a scoping review

Behl

Pereira

Nigam

et al. 2023

JKM

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“…They estimate that USD 128 million of real estate has been tokenized. Another noteworthy tokenization is the USD 18 million sale of the St. Regis Aspen Resort as the security token Aspen Digital, which is part of Elevated Returns, in the fall of 2018, see https://www.aspencoin.io/ In Thailand, the SiriHub token was launched on 21 September 2021, representing ownership of one office building (Siri Campus Office Building), valued at USD 73 million; see Chow and Tan ( 2022 ). Baum ( 2021 ) lists more examples of tokenized real estate.…”

mentioning

confidence: 99%

Empirical evidence on the ownership and liquidity of real estate tokens

Swinkels

2023

Financ Innov

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To better understand the potential and limitations of the tokenization of real asset markets, empirical studies need to examine this radically new organization of financial markets. In our study, we examine the financial and economic consequences of tokenizing 58 residential rental properties in the US, particularly those in Detroit. Tokenization aims at fragmented ownership. We found that the residential properties examined have 254 owners on average. Investors with a greater than USD 5,000 investment in real estate tokens, diversify their real estate ownership across properties within and across the cities. Property ownership changes about once yearly, with more changes for properties on decentralized exchanges. We report that real estate token prices move according to the house price index; hence, investing in real estate tokens provides economic exposure to residential house prices.

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