房地产代币化在亚太地区准备好了吗?

IF 1.6 Q3 BUSINESS, FINANCE Journal of Property Investment & Finance Pub Date : 2021-11-16 DOI:10.1108/jpif-10-2021-0087
Yuen Leng Chow, Kok Keong Tan
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引用次数: 7

摘要

区块链和分布式账本技术将颠覆房地产行业的所有领域:所有权、销售、管理和投资。令牌化将物理房地产转移到数字空间,并可能在令牌化前后的过程中节省大量成本。本文讨论了房地产作为一种资产类别是否为亚太地区的数字化做好了准备。设计/方法/方法在全球范围内,亚太地区的数字适应/采用率最高。该地区的监管机构也在迅速澄清他们对数字资产的立场。本文从趋势、法规和技术等方面采取整体观点,讨论亚太地区数字化房地产的好处和挑战。房地产代币化是一个新兴市场,但BrickX、KASA、ADDX和interest等平台已经分别在澳大利亚、韩国和新加坡成功推出了房地产代币。对于亚太地区资本相对不足的金融市场来说,代币化可能是一种可行的资金来源。本文讨论了与亚太地区房地产代币化步伐相关的当前监管和商业环境。本文以简明扼要的方式概述了机遇和困难,以便在这方面进行更多的讨论。原创性/价值现有的报告和研究文章倾向于关注西方市场。本文提供了一个关于标记化的新视角,特别是在APAC上下文中。
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Is tokenization of real estate ready for lift off in APAC?
PurposeBlockchain and distributed ledger technologies are set to disrupt the real estate sector in all areas: ownership, sale, management and investment. Tokenization moves physical real estate to the digital space and could result in substantial cost savings in the pre- and post-tokenization process. This article discusses whether real estate as an asset class is ready for digitalization in the Asia-Pacific (APAC) region.Design/methodology/approachGlobally, the APAC region has the highest digital adaptation/adoption rates. Regulators in the region are also moving fast to clarify their stance on digital assets. This article adopts a holistic view, from trends, regulations, and technology, to discuss the benefits and challenges of digitalizing real estate in APAC.FindingsReal estate tokenization is a nascent market but platforms like BrickX, KASA, ADDX, and Minterest have successfully launched real estate tokens in Australia, South Korea, and Singapore, respectively. Tokenization may prove to be a viable funding source for those relatively poorly capitalized financial markets in the APAC region.Practical implicationsThis paper discusses the current regulatory and business contexts in relation to the pace of tokenization of real estate in APAC. Opportunities and difficulties are outlined in a concise manner to facilitate more discussion in this area.Originality/valueExisting reports and research articles tend to focus on the western markets. This article provides a new perspective on tokenization, specifically in the APAC context.
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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