ICYMI: Roofstock valued at $1.9 billion with new funding round led by SoftBank Vision Fund
Digital real estate platform Roofstock closed aThe Roofstock platform enables the $4 trillion fragmented, cottage industry of single-family rentals or"SFRs" to become a relevant asset class. Since it was founded in 2015, the platform has facilitated more than $5 billion in transaction volume, half of which came in the last year, according to a company statement.
These are made up of both individual investors and portfolio transactions by institutional investors. In 2021, Roofstock bought homes on behalf of institutional clients, representing overwith participation from existing and new investors. "Real estate is a huge asset class that has been relatively untouched by technology, and is often fragmented, analog and inefficient as a result.
The firm has also been open about its potential application of blockchain, particularly the possible tokenization of real-world assets, something it discussed publicly last year. "The company is also investing to help further improve accessibility and liquidity in the SFR asset class," Roofstock said in its Thursday release."It recently was accepted into the Cypher Accelerator program at the Stevens Center for Innovation in Finance at the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress reaches deal on Ukraine aid, $1.5T spendingCongressional leaders reached a bipartisan deal providing $13.6 billion to help Ukraine and European allies plus billions more to battle the pandemic.
Read more »
Metro sees demand in $1 'Micro' rideshare serviceNo, it's not a typo. Metro's 'Micro' rideshare service, which offers rides in LA County for $1, is seeing more demand as gas prices continue to increase.
Read more »
Senate gives final OK to $1.5T government funding billThe package finally cements the fresh budgets Democrats have sought since former President Donald Trump left office.
Read more »
Colorado Parks And Wildlife Hopes $1 Million Grant Will Reduce Human-Bear ConflictsColorado Parks and Wildlife is hoping to reduce human-bear conflicts thanks to a grant program.
Read more »
This NFT Collector Just Sold His $1 Million Rock for Less Than $0.1Collector lost $1 million in less than one second by selling digital rock for 444 wei instead of 444 ETH
Read more »
House passes $1.5T government funding bill plus Ukraine aid after chaotic dayThe House passed a $1.5 trillion government funding package setting the first new spending levels under President Joe Biden’s administration and providing $13.6 billion in measures to support Ukraine, marking the end of months of bipartisan budget negotiations.
Read more »