Realio, a blockchain-based issuance and peer-to-peer trading platform focused on real estate private equity, today announced a partnership with Algorand, a proof-of-stake blockchain protocol.
RST tokens will be made available for purchase as an Algorand Standard Asset (ASA); designed for interoperability with other supported blockchains and platform features such as RealioX. Algorand joins Fusion Foundation among others in supporting the Realio Issuance Network.
The Realio Issuance Network is a layer 2 solution built for compliantly issuing-on and interconnecting decentralized ecosystems across global jurisdictions.
“We are kicking off this token sale with incredible momentum, having pre-sold over 2 million RST while adding another world-class technology partner who shares the same vision for the future of a global, borderless financial ecosystem.”
– Derek Boirun, founder of Realio
The network is being fully tokenized through the RST token sale; which aims to be a hybrid security/utility token, offering ownership and profit share rights over the network alongside staking and utility features to participate in network validation, voting and more.
“Algorand’s protocol was designed for decentralized financial applications and networks of the future like Realio, and we are pleased to support the long term value their initiative will provide. Combining Algorand’s simplified asset creation, instant economic exchange, and immediate transaction finality with Realio’s groundbreaking token issuance network is a significant step forward in defi compliance and innovation.”
– W. Sean Ford, COO of Algorand