|
| Friday, 19 May 2023, 10:00 HKT/SGT | |
| |  | |
Source: Citadao | |
|
|
|
|
| CitaDAO successfully tokenised second real estate in Singapore: 18 Sin Ming Lane |
SINGAPORE, May 19, 2023 - (ACN Newswire) - In a notable step forward, CitaDAO is delighted to share the successful completion of its third Introducing Real Estate On-Chain (IRO) project. This achievement, the tokenisation of a prime industrial property in Singapore's bustling Midview City, exemplifies the company's commitment to broadening access to one of the world's top real estate markets. CitaDAO is proud to be part of the journey towards a new wave of real estate innovation, creating a bridge between traditional and decentralised finance.
 | CitaDAO IRO Success: 18 Sin Ming Lane, Singapore
Introducing Real Estate On-chain (IRO) - 18 Sin Ming Lane, Singapore |
Following the successful IRO, a legal transaction will occur before the Real Estate Tokens can be minted and made available for claiming. For the IRO participants, do follow our Twitter or Discord for the updates.
Key IRO Recap
- Address: 18 Sin Ming Lane, Midview City, Singapore
- IRO Value: US$635,000
- IRO Date: April 18, 2023, to May 16, 2023
Solving liquidity challenges
At CitaDAO, one of our core missions has always been to address the liquidity challenge that has long been a plague in the real estate industry. Our previous IRO, 20SML0253SG, has been a testament to our success in achieving this mission. Through the tokenisation of a prime industrial property in Singapore, one of the most vibrant real estate markets in the world, we've demonstrated the immense value that can be unlocked when real estate is tokenised. Not only did we create a more valuable asset by democratising access to this premium property, but we also ensured constant liquidity in the market by leveraging the concentrated liquidity pool of Uniswap v3. This was evidenced by the $290,000 (46% of the real estate value) in Total Value Locked in the 20SML0253SG RET, making secondary transactions more convenient for all token holders - proving that our vision for making a liquid real estate market a tangible reality was successfully accomplished.
In offering a vibrant secondary market for the RET, CitaDAO creates an opportunity for RET holders to boost their returns by assuming the role of market makers. By adding liquidity to the pool, they can earn liquidity provider rewards passively, a benefit that mirrors the traditional real estate investments.
A Catalyst for DeFi Expansion
The successful tokenisation efforts by CitaDAO have laid the groundwork for a significant growth catalyst for the DeFi sector. By unlocking new capital streams from yield-producing assets, the platform invites new users and capital into the DeFi space, consequently generating innovative opportunities and applications.
Conclusion
CitaDAO firmly believes that tokenising real-world assets is a critical driver for the mainstream adoption of DeFi. If you're intrigued by the process, we invite you to experience the future of real estate through CitaDAO's innovative IRO process and look forward to our next IRO - 15 West Halkin Street.
Contact Information:
Alex C
Marketing Manager
press@citadao.io
Topic: Press release summary
Source: Citadao
Sectors: Real Estate & REIT, Crypto, Exchange, Blockchain Technology
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
CITIC Telecom CPC Wins Two Awards, Celebrating 'Innovation Never Stops' for 25 Years, recognizing Cybersecurity & Innovation Excellence
Feb 9, 2026 13:28 HKT/SGT
|
|
|
JCB Announces Collaboration with Resorts World Sentosa in Singapore
Monday, February 9, 2026 1:00:00 PM
|
|
|
Anime Tokyo Station: "That Time I Got Reincarnated as a Slime" Special Exhibition, February 21 to May 24, 2026
Monday, February 9, 2026 10:00:00 AM
|
|
|
playX Secures Industry-Leading Player Protection Through Landmark Insurance Partnership with Great American Insurance Group 
Feb 8, 2026 23:30 HKT/SGT
|
|
|
Mr Liu Xiaojun, on behalf of Fufeng Group, has fully completed the acquisition of Viva World Trade, Inc.
Feb 7, 2026 05:45 HKT/SGT
|
|
|
GIC Invests US$100M in Ascletis Pharma (1672. HK): Anchoring Long-Term Capital in China's Core Innovative Drug Assets
Feb 6, 2026 17:45 HKT/SGT
|
|
|
GIC Private Limited initiated a stake in Ascletis Pharma (01672) by 64,128,000 shares at a price of HKD 12.18 per share
Feb 6, 2026 17:01 HKT/SGT
|
|
|
COSMOPlat Introduces Full-Stack AI to Hong Kong for Trillion-Dollar Industrial Digitalization
Feb 6, 2026 16:34 HKT/SGT
|
|
|
Everest Medicines Announces China NMPA Approval of VELSIPITY(R) for Adults with Moderately to Severely Active Ulcerative Colitis
Feb 6, 2026 14:17 HKT/SGT
|
|
|
Spritzer Celebrates Continued Excellence with Dual Recognition at Putra Brand Awards 2025 and Superior Taste Award 2025
Feb 6, 2026 13:13 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
