Real Estate Blockchain Firm Ubitquity to Build Tokenized Title Platform

Real estate blockchain platform developer Ubitquity partners with Rainier Title to build a tokenized title application.

Listen to article Real estate blockchain platform developer Ubitquity will build a platform for creating tokenized property titles with Rainier Title, a news report said.

The platform will also log records of conveyance for the Washington-based Rainier Title.

Rainier Title is currently in the process of migrating to Qualia.

Tokens created through the platform represent a client's property so title owners have more opportunities to develop new value like a fractionalized ownership investment in the real estate.

Ubitquity said in a statement that having tokens represent a property, along with records of conveyance stored on a blockchain, creates "Huge efficiencies for the abstract process."

Ubitquity's blockchain-as-a-service platform Unanimity lets clients add data to the blockchain for an accurate store of all records.

Along with the partnership with Rainier Title, Ubiquity is also addressing the rise of cybercrime.

Tokenized real estate was once one of the most talked-about projects in years past.

Using blockchain technology for title tokens are still seen as good for the real estate industry.