Polygon-Powered Lumia Plans to Tokenize Two Skyscrapers Worth $220M

• Lumia to -$ 220 million in Istanbul actual property, makes use of polygon’s tech for scalable, protected RWA tokenization.
• Lumia’s collaboration with Sen Group needs $ 1 billion in actual property to -smeken, by selling Defi integration with RWAS.

Lumia, a blockchain undertaking geared toward Actual-World Asset (RWA) tokenization, promotes plans to token two towers in Istanbul with a price of greater than $ 220 million. Powered by the superior polygon expertise stack, Lumia needs to additional reform the way forward for actual property tokenization and additional enhance the interoperability of the cross-chain for digital belongings. Along with his plans to token $ 1 billion in belongings by the tip of the 12 months, Lumia burns herself as a participant within the RWA room.

$ 1 billion in tokenized belongings.@Builddonlumia brings tokenized rwas to unprecedented heights and unlocks better cross-chain potential.

All related to Agglayer ✨ https://t.co/kokzmmmpzu

– Agglayer (※, ※) (@agglayer) February 4, 2025

Lumia’s first step will embrace the event of Lumia Towers in Istanbul, an actual property undertaking of $ 220 million that can quickly begin building. The undertaking stands out as one of many largest tokenized actual property developments in historical past to set new requirements for world RWA tokenization.

The usage of blockchain expertise for actual property to Tokenize opens massive funding choices for each massive small buyers. By making actual property investments extra accessible, Lumia makes use of the chance to decrease the entry boundaries for a broader vary of members out there.

As well as, the Lumia blockchain works on an tailored Layer 2 resolution that was constructed utilizing Polygon’s CDK (chain growth package), which affords scalability, modularity and improved information availability. Polygon expertise helps Lumia’s potential to make use of massive -scale tokenization effectively and safely.

The infrastructure of Lumia accommodates superior capabilities comparable to decentralized sequencers, zkprovers and tailored redundancy -DACs to make sure that transactions are processed rapidly and safely.

Along with the CDK from Polygon, Lumia has built-in with Agglayer, an interoperability platform for cross-chain. This alliance will make operations with low latency and shared liquidity in blockchain networks doable.

When famous Because of CNF, the reference to Agglayer additional strengthens the facility of the community to assist quick, atomic transactions between layer 2 and layer 1 chains, making shifting belongings on numerous platforms simpler.

A powerful give attention to coverage and industrial management

Along with the technical efficiency, Lumia additionally gives forward of shaping the RWA -Tokenization coverage atmosphere. When reported In our earlier place, the crew works along with numerous governments, together with Turkey, to develop the authorized frameworks wanted for Tokenized activa.

Their affiliation with personal organizations additionally factors to an obligation to determine a worldwide normal for RWA tokenization, which can facilitate broader acceptance in numerous industries.

Lumia’s management within the RWA area is just not solely about technological innovation, but in addition about compliance with laws. The work of the undertaking with regulatory authorities ensures that the tokenized belongings are legally in accordance with, making a precedent for future tokenization initiatives in actual property after which.

The way forward for RWA -Tokenization

As an addition to this sentiment, the cooperation of Lumia with Sen Group, which is geared toward topping an actual property portfolio of $ 1 billion, will provide one other necessary milestone when accepting Tokenized Rwas. The partnership is an element of a bigger pattern to combine Defi (decentralized funds) with conventional assivam markets, which makes fractional possession doable and the liquidity in real-world belongings will increase.

Consultants to foretell The RWA market might be $ 10 trillion in 2030. Lumia, together with his give attention to token massive belongings comparable to actual property, is positioned to play an necessary position on this growth, utilizing Polygon’s expertise to carry Rwas to the blockchain in a scalable and environment friendly means.