SINGAPORE, July 24, 2017 /PRNewswire/ -- REX and REIDAO announce that they are engaged in partnership discussions to explore how the accordant projects can work together in creating efficiencies in the global real estate industry.
REX and REIDAO, two leading real estate projects built on the blockchain, intend to lay the foundation of an open, global, real estate marketplace by utilizing the REX platform and the REIDAO currency.
REX and REIDAO are exploring an early release of the REX's signature RexDex trading platform, on which REIDAO token holders can trade REIDAO's property-backed digital assets worldwide.
"We are excited to be engaged in partnership discussions with REIDAO. Through joint collaboration, REX and REIDAO will propel the global real estate industry to new heights in both efficiency and innovation", said Stephen King, CEO/Co-founder of RexMLS.
"The core value proposition for tokenized real estate is to have them easily tradeable. We believe working with REX to have REIDAO's property token listed on RexDex is a move towards that end goal", said Darvin Kurniawan, CEO/Co-founder of REIDAO.
The REX team will visit REIDAO's headquarters in the fall to discuss the regulatory and technical aspects of launching the exchange.
ABOUT REX
REX's mission is to connect vendors, buyers, and agents over a decentralized network that rewards contributors for their participation via a global real estate listings database that is open and accessible by all.
ABOUT REIDAO
REIDAO is a Singapore-based company creating digital assets backed by real estate, enabling collectivized ownership of real estate and unlocking global real estate opportunities through tokenized real estate.
