Airswap, a cryptocurrency trading platform that is decentralized, has recently announced that the company has entered a partnership that will help tokenize the most expensive real estate markets in the Western Hemisphere.
That partnership, inked with FINRA-registered broker-dealer Propellr, will see the two firms use AirSwap’s peer-to-peer trading protocol to create a platform that allows brokers and their clients to tokenize securities and trade these crypto tokens in a manner that complies with securities regulations.
AirSwap and Propellr will initially focus their efforts on the New York real estate market, though details on how they aim to achieve this remain slim.
Though often labeled a decentralized crypto exchange (DEX), AirSwap does not quite fit this designation since it serves more like a decentralized search engine that helps buyers and sellers arrange trades over a peer-to-peer protocol.
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