Chinese investor’s NYC project to be tokenized

UPRETS has been working hard on the tokenization of The Oosten, an apartment property in the Williamsburg submarket of Brooklyn, N.Y. Funded by Chinese real estate firm Xinyuan Real Estate Co., UPRETS is a digital security issuance platform with a focus on transforming the global asset market.

The Oosten is a luxury development project that features 216 units and is Xinyuan’s first project in New York City. The project features one-, two- and three-bedroom units.The Oosten project can be described as a blend of modern architecture and lush amenities to take luxury living in New York City to a new level.

Digital security offerings are slowly starting to take shape as the investment vehicle of the future. Digital securities aim to make working with various regulators and creating an ecosystem easier. For a long time, real estate has been viewed as a safe haven for the wealthy. This could change with the tokenization of real estate projects, such as The Oosten, which wi