The real estate industry has long been a driving force in the global economy, and this is expected to continue in the coming years. According to recent projections, the global real estate market is anticipated to reach a staggering $48.9T by 2031. With its significant size and profitability, the industry has naturally attracted the attention of startups, who have subsequently become integral participants in the market.
Cyber attacks on utilities and industrial infrastructure are on the rise. There was Colonial Pipeline, where an American oil pipeline system carrying gasoline and jet fuel suffered a ransomware attack that affected computerized equipment managing it, and JBS, where the world’s largest meat processing company paid the equivalent of $11 million in ransom to put an end to a major cyber attack.
For the first time in history, a single-family property fund will be financed through blockchain-based securities. UK investment company London Chelsea Limited is partnering with SolidBlock, a digital securities issuance and trading platform, to raise financing for London Digital Bond, a new fund that invests in prime residential real estate.