Crypto Crash Has CRE's Blockchain Boosters Touting Tokenization's Practical Benefits Despite the crash in value of many cryptocurrencies, developers and business leaders who have embraced the use of crypto, the blockchain, tokenization and other Web3 technology haven’t lost their enthusiasm. The processes of buying real estate with cryptocurrency and turning commercial properties into digital tokens have allowed foreign investors to invest directly into U.S. real estate faster than ever, a powerful advantage for developers in gateway markets like Miami. The meltdown in the market has boosters advocating for the practical benefits of the new technologies for the future, rather than crypto's get-rich-quick ethos of the past few years. “To me, the biggest advantage of crypto as it’s related to real estate was getting money out of South American countries,” Property Markets Group Managing Partner Ryan Shear said at Bisnow’s Blockchain and Tokenization in Commercial Real Estate event at the InterContinental Miami last week. 
PMG has sold 60 units to buyers with cryptocurrency by listing properties on crypto exchange FTX US, which Shear said has allowed his firm to take large deposits from buyers in Chile, Colombia and Argentina who typically have trouble moving large sums of money quickly…  Read the full story here. | 
