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Groma

Groma
Website:
Groma
Launch Status:
Live
Issuer/Asset Category:
Real Estate
Summary:

Triple-deckers, rowhouses, fourplexes, walkups… whatever you call them, there are over one million1 of these buildings in the country. MUR Asset Class - This class of building has long been overlooked by institutional investors in favor of larger towers. Why? Because revitalizing older buildings requires significant renovations and historically it has been inefficient to operate smaller buildings spread across a city. Our platform solves these challenges. And we’re opening this new asset class to investors large and small, from institutions to our residents, via the GromaREIT. Groma has two sets of Ethereum-based tokens that represent different parts of the property holdings: NFTs that represent individual properties and fungible ERC-20 tokens that represent REIT shares.

Product Category:
Investment platform
Token:
Chain:
Ethereum
Location:
US (Boston, MA)
Custodial/Non-Custodial:
Non-custodial
Private/Public Blockchain:
Public