Tokenized real estate startup C Estates set to launch later this year

C estates, a startup with enablized tokenization, is connecting blockchain technology with real estate, set to officially launch its platform later this year

In a bid to make the buying and selling of properties easier and faster, a startup will be launching a platform backed by blockchain technology.

C Estates Chief Operating Officer Elixes Becislao said that they will conduct a soft launch in the next 3 months to help clients become more familiar with property listing and virtual trading on their platform.

The C Estates platform, Becislao added, makes use of the "business and developer-friendly" New Economy Movement (NEM) blockchain, chosen by the startup to avoid human errors and data tampering.

The company's Founder and Chief Executive Officer Teru Sumida said they are initially targeting foreigners who would want to purchase condominium units primarily in Makati City and Bonifacio Global City.

Sumida also serves as the Chairman of the Board of Capitarise Corporation, which provides property management and consultations for Japanese nationals looking to locate in the Philippines, mainly in Cebu. 

The platform, Sumida said, connects buyers and sellers looking to transact real estate in small portions as if it were shares in a stock market, making the industry more liquid.

C Estates Managing Director Gary Hablero also said the platform opens up the market to more sellers – which can either be brokers, property owners themselves, or property developers.

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