Jag Singh, CEO of re.al, on 10x Better User Experience with RWA Tokenization and Buying a Property in 15 Seconds | Ep. 365
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Cryptonews Podcast host Matt Zahab recently chatted with Jag Singh, the CEO and co-founder of re.al, a Layer-2 built to facilitate deep on-chain liquidity for tokenized real-world assets (RWAs).
In an exclusive interview, Singh talked about the massive benefits of tokenizing the right RWAs, which assets the crypto natives have the most appetite for, and what new RWA use cases are on the rise.
He told us about buying and renting a property in just 15 seconds, as well as the upcoming re.al rewards program.
Tokenization of real world assets has significant potential, not just for crypto, but the economy as a whole.
Some of the well-known benefits include instant transferability, proof of ownership, and deep liquidity, Singh said.
An easy-to-understand use case, he continued, is buying a property.
Going the TradFi route, purchasing a property, renting it, and collecting the rent, are all processes that require a long time and plenty of paperwork to complete.
But on-chain, it’s completed in fifteen seconds.
The property is tokenized and already tenanted, and the rent is regularly deposited into the owner’s wallet in USDC.
The owner may want to borrow against it or sell it, which also takes a few clicks.
“Just that process, the kind of user experience is 10X better,” Singh said.
The RWA sector is poised to become a dominant force in the crypto industry over the next decade due to several factors:
• Practical applications of RWA
• Interest from major players
• Optimism among experts pic.twitter.com/g8uvRDsyTy
Re.al buys properties through a
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