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These are the real estate cryptocurrencies you can buy right now (or soon)

Propy claims it’s the first real estate transfer ever done entirely via blockchain. As part of the transaction, the title is automatically transferred by Propy. The listing site is live, with listings in eight cities including New York, San Francisco ...

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By Chava Gourarie | December 28, 2017 11:55AM These are six real estate cryptocurrencies investors can scoop up in 2018 If you’re feeling down about not buying Bitcoin in saner times, we’re here to let you know that it’s not too late to get in on the alternative currency boomThere are hundreds of cryptocurrencies out there that can be traded for one another or for actual U.Scurrency. The Real Deal gathered a list of real estate-specific cryptocurrencies that amateurs and pros alike can invest in right now(Note: This isn’t an endorsement.) Here’s how it works: Anyone can launch a digital currency, sell it in a token sale — also called an “initial coin offering,” or ICO — get it listed on a cryptocurrency exchange, and voila, it’s real moneyBut they have to offer something in returnMost ICOs are launched by startups as a way to raise money, and the tokens serve one of several purposes: they act as shares or ownership rights in the company; they are used to access the company’s services (like tokens in an arcade); or in the case of real estate, they are used to fund real estate investments. To actually buy tokens, you will need an Ethereum wallet, bright-eyed optimism, and an appetite for riskIn some cases, there will be restrictions on who is allowed to invest: you may need to be an accredited investor and/or pass a KYC (Know Your Customer) test. All data is from ICObench and CoinMarketCap as of Wednesday, Dec27, 2017. Buy a house with PRO PRO – $1.01 The PRO token issued by Propy gets you access to the Propy platform, which is essentially a listings site and decentralized title registry that runs on blockchainThe Silicon Valley-based firm, led by developer Natalia Karayaneva, raised $15 million during its ICO and started trading in SeptemberThe real estate tech company made headlines that month when TechCrunch founder Michael Arrington remotely bought an apartment in Kiev for $60,000 from Ukrainian developer Mark Ginsberg through Propy’s platformPropy claims it’s the first real estate transfer ever done entirely via blockchain. As part of the transaction, the title is automatically transferred by Propy. The listing site is live, with listings in eight cities including New York, San Francisco, Miami and London. There are currently 16.7 million PRO tokens in circulation with a market cap of $16.8 million, trading at $1.01 per coin, up 23 percent from the day trading startedPropy put its cap at 100 million tokens, so props to them for thinking big. Invest in real estate with REAL REAL – $0.396505 The REAL token, issued by the Barcelona-based Real, gets you access to their crowdfunding platform, which you can then use to invest in commercial real estate projects across the globeWell, that’s the plan anywayThe platform, which is not yet live, will operate like a typical crowdfunding site, except it will run on blockchain technology and accept Real tokens rather than fiat moneyReal raised $11 million during their ICO and started trading in October at $0.89 per coin. Since then, REAL coins lost more than half their valueThere are currently 10 million REAL tokens in circulation with a market cap of $4 million, trading at $0.4 per coin. Get a desk with PBT PBT – $7,637.39 The PBT token issued by the co-working firm Primalbase has one very specific use: one PBT gets you access to one Primalbase workstationThe firm has one open location in Amsterdam, where they are based, with plans to open a Berlin location in December, followed by locations in London and New YorkPrimalbase put a cap of 1,000 on their token, meaning there will never be more than 1,000 PBT coins and hence, no more than 1,000 Primalbase members at any given timeIf successful, the tokens will be like taxi medallions in New York City, where prior to Uber, they were highly valued because of their scarcity. There are currently 1,000 PBT tokens in circulation with a market cap of $7.6 million, trading at $7,637.39, up 42 percent from the day trading started. Bid on an apartment with BERRY BERRY – .0004 ETH The BERRY token issued by Rentberry gets you access to their rental platform, where you can bid on apartments for rentAlso a Silicon Valley-based firm, Rentberry was founded in 2015 by Alex Lubinsky and raised $4 million in venture capitalIts token sale is happening now through January, so you can still get in earlyThe BERRY token is pegged to Ether, the second most popular cryptocurrency after Bitcoin, and a single token costs .0004 of EtherDue to Ether’s volatility, that translated to somewhere between 20 and 30 cents over the last week, depending on the hour. Rentberry’s platform — think HotPads meets eBay — is live and received gobs of press over its model, which critics say favors renters who can bid higher (and thus, could exacerbate already rising rents in cities like New York and San Francisco)Rentberry, which takes a $25 fee from the tenant if he or she is selected, says it brings transparency to the marketplace, removing application fees and allowing tenants to negotiate directly with landlords. Invest in multifamily with RC RC – ICO scheduled for Spring 2018 The RC token, to be issued by Realecoin, will contribute to a fund that will invest in multifamily housingRealecoin is a startup from New York real estate developer and one-time Russell Simmons collaborator Ruben AzrakThe presale for RC tokens has passed and the ICO is scheduled for 2018The token sale will have a minimum raise of $50 million and a hard cap of $200 millionIf the minimum isn’t raised, investors will get their money backIn all likelihood, this type of token would be considered an investment instrument, which is regulated by the SEC and is, therefore, open only to accredited investors. List and sell with ATL ATL – $0.202775 ATL tokens issued by the United Kingdom-based Atlant are membership certificates, and give holders voting rights, access and other privileges on the Atlant platformThe platform basically wants to be a stock exchange for real estate assetsProperty owners can list their assets on the platform and tokenize them, or in other words, sells off slices of the asset (or owning entity) in the same way shares are sold in a companyThen, as more properties are listed, users can trade shares in various real estate assets on the Atlant exchangeOn the Atlant platform, ATL token holders vote on whether or not to approve a listing. The ATL is trading at $0.20, down by half from its initial value of $0.41There are 13.2 million ATL tokens in circulation with a market cap of $2.7 million. Tags: 2017 in review, BitCoin, Real Estate Finance, Real Estate Technology Short URL #mc_embed_signup .mc-field-group input { } #mc_embed_signup .mc-field-group{ min-height:0px; } #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; } /* Add your own MailChimp form style overrides in your site stylesheet or in this style block. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file*/ Subscribe to our e-Lerts New York Real Estate News Daily Updates Weekly Roundup South Florida Real Estate News Daily Updates Weekly Roundup Los Angeles Real Estate News Daily Updates Weekly Roundup China Watch Coming soon! Weekly Roundup

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