B
lack Salmon, a US-based real estate investment manager, has successfully completed its first tokenization project in Florida. The transaction, facilitated through Chilean fintech Wbuild's technology, valued at nearly $1 million, involved the distribution of a share in one of Black Salmon's projects: a 23-story multifamily building in St. Petersburg, Tampa. This development is situated near Tropicana Field Stadium and major commercial districts.

    The tokenized share was sold within a week for nearly $1 million, representing 10% of the project with an estimated annual return of 17-20%. Tokenization allowed investors to acquire a token starting at $50,000, whereas without this technology, the minimum external investment would have been $500,000.

    As a result of this success, Black Salmon is preparing to launch another project using tokenization. This second asset involves the construction of two multifamily buildings in Miami's Medical District. The tokenization trend allows property ownership to be divided into small digital tokens, making alternative assets more accessible to investors.

    Black Salmon's co-CEO, Jorge Escobar, highlighted Wbuild's expertise in bringing high-value US real estate projects closer to Latin American investors. Daniel Pardo, CEO of Wbuild, emphasized that the partnership enables direct participation in high-quality investment opportunities, providing diversified and flexible portfolios for family offices, companies, and individuals.

    Wbuild offers tokenized real estate investments in the US, structured as digital shares of a company holding the assets. This platform aims to increase access to alternative assets for investors.