Dubai-based BabelChain, the new lifestyle development re-inventor and accelerator, has announced its global launch.

BabelChain serves as a platform to connect developers to a large pool of investors, and simultaneously enable investors worldwide to access unique property developments.

Built on blockchain technology, BabelChain tokenises real estate to enable it to be marketed over a wider geographical reach, faster.

The platform already has a portfolio of established property development projects worth more than $370 million.

"Investing in major asset development projects today can be limited to few institutional investors and is mired in opaque practices with deals taking many months to transpire. BabelChain has created a dedicated accelerator to bring efficiency to the lifestyle property development industry as well as reinventing valuable real estate projects. Enabled by tokenised assets and cutting-edge Blockchain technology, BabelChain effectuates investments into innovative projects in complete transparency, with deals being completed on a timely basis," the company said in a statement.

Some examples of their latest projects under completion include reinventing residential and commercial towers in Istanbul, Turkey, with smart technologies and a unique floating island resort being constructed in Lebanon.

“Our asset portfolio is united by innovation, smart technology and design excellence. We believe that innovative real estate projects should be effectuated in complete transparency, that deals should be done in days not months, and that exceptional financial benefits should be realised by the developers and investors who perform these world-class developments,” said Raymund Scheffler, chief executive officer of BabelChain.
 
“At BabelChain, we believe in creating places and experiences that will redefine leisure, wellness and smart living for a new generation of customers,” he added. - TradeArabia News Service