SmartCrowd revolutionizes Middle East real estate investment on the secure and reliable Tezos blockchain network
Dubai, United Arab Emirates (UAE): SmartCrowd Holding, parent group of the DFSA-regulated property investment and technology platform SmartCrowd Limited, has signed a first-of-its-kind deal for MENA, leveraging the open-source Tezos blockchain platform. SmartCrowd, will empower people to crowdfund investment in real estate using blockchain technology and cryptocurrencies via the Tezos network.
SmartCrowd CEO and co-founder Siddiq Farid, said, “As a fully licensed and regulated business, it is essential that we use technology that enhances trust, transparency, and efficiency. By using the Tezos blockchain, we are empowering our investors and providing an even better service that aligns with our core values. This announcement underlines our commitment to pioneer the way people invest in real estate using the very best technology.”
The agreement will offer three main benefits for SmartCrowd investors. First, it will provide greater transparency for investors as Tezos enables smart contracts on a decentralized blockchain ledger. Second, fast and secure transactions on the Tezos network will increase the speed at which transactions are executed, providing investors with a frictionless buying and selling experience and ensuring that each transaction is reflected instantaneously on the SmartCrowd dashboard. Finally, the technology will give SmartCrowd investors more options for liquidity by lowering minimum investment thresholds. This will provide SmartCrowd customers with the most inclusive, efficient and effective service.
The new ability for users to transact via cryptocurrency complements SmartCrowd’s existing capabilities to accept fiat currencies via bank transfer. The platform is continuously innovating to provide the latest payment and transfer solutions.
Waleed Rassuli, Head of Tezos Gulf, added, “We are pleased to see the growing adoption of Tezos to securely manage assets in the Middle East. Being an environmentally friendly platform, Tezos’ proof of stake options are tailor-made for managing asset classes of all types and sizes from institutional to retail in this region.”
SmartCrowd Limited, a DFSA regulated entity, has grown by 400% and returned over a million dirhams in dividends to its community of investors since 2019. SmartCrowd users can invest in real estate projects from as little as 5000 dirhams. In addition, during Ramadan the platform has a limited time option for people to invest in property from just AED 750 – the lowest entry point into UAE real estate in history.
Tezos enables the easy exchange of smart money throughout the digital world, anytime, anywhere. This global ever-evolving, decentralized network is the only open-source blockchain that’s successfully self-upgraded multiple times without sacrificing security or stability along the way. Tezos is a Proof of Stake (PoS) network which uses significantly less energy than Proof of Work (PoW) blockchains, making it more sustainable and environmentally-friendly.
About SmartCrowd Limited:
SmartCrowd is an easy-to-use tech platform that provides a smart, low-cost way for people to invest in real estate. The business was established in Dubai in 2017 and quickly attained recognition as the recipient of the Accenture Innovation Award. The business was granted a sandbox license from DFSA in 2018 and was one of the first to graduate to a fully licensed and regulated platform in November 2019. SmartCrowd levels the playing field for investors of all incomes to grow wealth through intelligent property investment. Its highly-secure, trusted and regulated platform enables a borderless marketplace for investors to access opportunities in real estate. With clear, credible fees and pricing, SmartCrowd is committed to providing transparent, affordable property investment for all.
About Tezos:
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today.
About Tezos Gulf:
Based in DIFC Dubai, Tezos Gulf was established to foster and support the growth of the Tezos ecosystem of people and products in the Middle East region.
