PRESS RELEASE.
Lumia Foundation
and Sen Group have announced a groundbreaking $1B+ framework agreement to tokenize real estate properties, marking a transformative moment for the industry.
The groundbreaking partnership marks the first-ever full-scale tokenization of an entire real estate property. As part of this initiative, the first fully tokenized property will be unveiled during a press conference at the World Economic Forum in Davos on January 23, where Lumia will showcase its advanced tokenization technology via the Lumia HUB.
It took less than 6 months for the Lumia Foundation to finalize the legal and regulatory framework for this landmark deal, ensuring compliance with Turkish legislation.
Investor Excitement and Market Potential
“We’ve seen significant investor interest even during the preparatory phase of the tokenization. The prospect of completing the first-ever full-scale tokenization of an entire property is truly inspiring. The opportunities for RWA in real estate this year are phenomenal,” noted Kal Ali of
Lumia Foundation.
Detailed information about the tokenization will be presented at a press conference by Lumia Foundation on January 23 during the World Economic Forum in Davos. The upcoming Davos presentation will highlight how tokenized properties integrate seamlessly into DeFi ecosystems, enabling trading, lending, borrowing, and staking. With investor interest already mounting, this agreement signals the beginning of a new era in real estate, offering unparalleled opportunities for small and large investors alike.
Empowering Small Investors
The tokenization will make high-value real estate investments accessible to smaller private investors. Traditionally, investing in Turkish real estate required substantial capital, often supplemented by loans. However, with tokenization, ownership of the real estate will be open to anyone, without a minimum investment amount.
This innovation is expected to bring significant capital into the real estate market, contributing to the development of the Turkish economy. This asset-tokenization partnership is a critical milestone for Turkey on the way to become the dominant market for crypto adoption.
About the Company
Lumia Foundation is a next-generation blockchain platform providing end-to-end infrastructure for RWA transactions. From asset tokenization to enabling millions of private traders to participate in DeFi and Web3 ecosystems, Lumia is revolutionizing the way real estate investments are managed. The company was founded by brothers and entrepreneurs Kal and Yanush Ali, who rose from humble beginnings to build a thriving and innovative enterprise.
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Lumia Foundation Announces Asset Tokenization Valued at 1 Billion US Dollars
Lumia Foundation Announces Asset Tokenization Valued at 1 Billion US Dollars