Santander proposes project to tokenize and trade properties with the Brazilian CBDC
2022/10/24 07:33
According to News.bitcoin, Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets in a transaction, and at the same time manage the exchange of the currency, in this case, the digital real, for the property.
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