Parcl, a blockchain-based real estate trading platform, has announced the addition of Austin, Texas to its list of tradable city indices today. Recently, Parcl has expanded its index offerings to include new markets. These new indexes cover the cities of Boston, Atlanta, Philadelphia, Chicago, Seattle, Denver, Portland, and Washington, DC.
Parcl, which is based on Solana, enables instantaneous transactions in the real-world real estate market. Since its launch in February, the platform’s popularity has skyrocketed, proving there is a substantial demand for new approaches to real estate investing. Parcl was designed with modern investors in mind, with no minimum investment requirement, cheap transaction costs, and strong liquidity. Real estate indexes are now as easily traded as digital currencies like Bitcoin, Ethereum, and other crypto.
Traders all over the world now have more entry points and portfolio diversification options thanks to Parcl, which combines real estate and DeFi. With Parcl, investors may get entry to hot markets like New York City, Los Angeles, and Miami by purchasing a piece of an entire city’s residential real estate market. Investors seeking real estate price exposure via Real World Asset (RWA) Indexes now have easier access to the market thanks to this development.
The addition of Austin, one of the most rapidly expanding housing markets in the United States, demonstrates Parcl’s dedication to giving investors access to a diverse set of promising markets. In line with Parcl’s aim to broaden participation in global real estate investing, this expands investor access to 16 actively traded marketplaces. The incorporation of these in-demand areas demonstrates Parcl’s commitment to sustained development and expands the opportunities available to its merchants.
To many people, a home represents their single largest financial investment ever. It also has the biggest obstacles to entry and the lowest liquidity,” said Trevor Bacon, Parcl’s CEO and co-founder.
More locations in North America are expected to be included in the near future, with international cities to follow shortly after. Parcl’s ambition to simplify global real estate trading is reflected in the company’s rapid expansion in the industry. It also shows that the company is serious about its stated goal of democratising access to the real estate investment market.
This post was last modified on Jun 15, 2023, 16:26 BST 16:26