Global equity marketplace Vesta Equity has chosen the Algorand blockchain to launch its new real estate tokenization services, disrupting a decades-old industry and opening up the possibility for homeowners to convert their equity into digital assets.
Under the new partnership, Vesta will utilize Algorand to further disintermediate the numerous parties involved in the traditional home equity and borrowing space. With Vesta eliminating expensive intermediaries from the process, Algorand’s technology will allow all data to be readily available and verified automatically.
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