Residential News » Miami Edition | By WPJ Staff | December 5, 2024 4:54 PM ET
Miami, Florida-based World Property Exchange (WPE), an emerging digital real estate token exchange, has announced plans to commence initial development of its automated exchange in Q1 of 2025. This platform, once launched, will enable the issuance and trading of high-quality and vetted real estate ownership tokens across a diverse range of real estate asset and debt classes, eventually on a global scale.
Scheduled for launch in mid-2026, the World Property Exchange will operate as a fully licensed SEC broker-dealer platform. It will allow both individual and corporate investors to create investment accounts on the platform, granting access to research, purchase, and trade tokenized shares of real estate debt and equity. Investments will start at just $1,000 per tokenized share, offering an accessible price entry point for market participants. Following its U.S. debut, the company plans to expand internationally, pending securities licensing in various jurisdictions.
Company founder and CEO, Michael Gerrity, shared, "Our mission is to create a marketplace where small and medium-sized investors globally can access high-quality, pre-vetted real estate investment opportunities in a highly liquid environment. We aim to empower people to build wealth for themselves via real estate ownership. Starting with just $1,000 per share entry points, essentially we're democratizing real estate wealth creation on a global scale for the masses."
World Property Exchange is a subsidiary business unit of World Property Ventures, a digital development company with a history of launching innovative large-scale global real estate platforms. This includes Global Listings, the world's largest real estate listings search platform, featuring over 3.3 million property postings monthly across 110 countries.