A token platform and an investment company have joined forces on an ambitious Norwegian real estate project, ISON, where they will raise 150 million Euros. The plan is to tokenize four major construction projects. First up is the “Oslofjord” project.
The image, from left: Anders Dybvik (CEO Norwegian Holdings LTD), Marlene Julo (CEO Reltime), while Frode van der Laak (on the right), who is the founder and long-time CTO of Reltime, now works at NTNU
The parties behind the ISON project are Reltime, which provides the technology platform itself, and the investment company Norwegian Holdings Ltd. We have published an update with the following title: Many unanswered questions in the token-based Norwegian real estate project: What, where and who?
Tokenization of Real World Assets (RWA) is expected to become a major industry in the next decade, as blockchain technology is adopted in traditional investment areas. This can include both traditional stocks and bonds, mutual funds and private equity, precious metals, real estate etc.
Some of the advantages of TWA tokenization are that new and modern blockchain technologies can be both more efficient than traditional technologies, that one can exchange data on the blockchain, and that one can program and create new services on top of other solutions. By offering ownership in Real World Assets through tokens, one can also divide a project into many small and liquid assets, which in turn can contribute to the democratization of digital ownership.
ISON is a project that aims to tokenize four major construction projects. First up is what is referred to as the “Oslofjord Project”. According to a press release, ISON is to “enable people around the world to easily invest in high-value property.” Those behind the initiative are Reltime, a platform for Web3 and blockchain technology, and Norwegian Holding Limiteds. The plan is to raise 150 million euros.
This is how the project is described in more detail in the press release: “Through Reltime's RWA Tokenization Platform, investors can purchase digital tokens representing stakes in these significant properties across Norway. This tokenization model removes traditional barriers to property ownership, offering an innovative way to buy, sell and manage real estate holdings. By leveraging blockchain, tokenization ensures transparency, security and flexibility for all investors”.
About the Oslofjord project it states: “This collaboration brings Reltime's state-of-the-art Web3 infrastructure to the forefront of real estate investment, laying the groundwork for a global expansion. The over 30 properties in the Oslofjord region will be the start of a larger initiative to tokenize and offer frictionless ownership for high-value real estate assets around the world.”
Reltime is a registered limited company in Norway, with a modest turnover last year of MNOK 5 million, but has also been central to several international token projects. Norwegian Holdings Ltd. is a company registered in the United Kingdom.
We have sought contact with the companies involved in the project, and will update this article with any new information.
A token platform and an investment company have joined forces on an ambitious Norwegian real estate project, ISON, where they will raise 150 million Euros. The plan is to tokenize four major construction projects. First up is the “Oslofjord” project.
The image, from left: Anders Dybvik (CEO Norwegian Holdings LTD), Marlene Julo (CEO Reltime), while Frode van der Laak (on the right), who is the founder and long-time CTO of Reltime, now works at NTNU
The parties behind the ISON project are Reltime, which provides the technology platform itself, and the investment company Norwegian Holdings Ltd. We have published an update with the following title: Many unanswered questions in the token-based Norwegian real estate project: What, where and who?
Tokenization of Real World Assets (RWA) is expected to become a major industry in the next decade, as blockchain technology is adopted in traditional investment areas. This can include both traditional stocks and bonds, mutual funds and private equity, precious metals, real estate etc.
Some of the advantages of TWA tokenization are that new and modern blockchain technologies can be both more efficient than traditional technologies, that one can exchange data on the blockchain, and that one can program and create new services on top of other solutions. By offering ownership in Real World Assets through tokens, one can also divide a project into many small and liquid assets, which in turn can contribute to the democratization of digital ownership.
ISON is a project that aims to tokenize four major construction projects. First up is what is referred to as the “Oslofjord Project”. According to a press release, ISON is to “enable people around the world to easily invest in high-value property.” Those behind the initiative are Reltime, a platform for Web3 and blockchain technology, and Norwegian Holding Limiteds. The plan is to raise 150 million euros.
This is how the project is described in more detail in the press release: “Through Reltime's RWA Tokenization Platform, investors can purchase digital tokens representing stakes in these significant properties across Norway. This tokenization model removes traditional barriers to property ownership, offering an innovative way to buy, sell and manage real estate holdings. By leveraging blockchain, tokenization ensures transparency, security and flexibility for all investors”.
About the Oslofjord project it states: “This collaboration brings Reltime's state-of-the-art Web3 infrastructure to the forefront of real estate investment, laying the groundwork for a global expansion. The over 30 properties in the Oslofjord region will be the start of a larger initiative to tokenize and offer frictionless ownership for high-value real estate assets around the world.”
Reltime is a registered limited company in Norway, with a modest turnover last year of MNOK 5 million, but has also been central to several international token projects. Norwegian Holdings Ltd. is a company registered in the United Kingdom.
We have sought contact with the companies involved in the project, and will update this article with any new information.
