Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC
Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander Proposes Tokenization Platform for Assets Santander, one of the largest banking institutions with a presence all over the world, has presented a proposal to enhance the use case of the proposed central bank digital currency (CDBC), the digital real , in Brazil. Santander is using technology coming from another company, Parfin, to tokenize the property rights of the assets in a transaction, and at the same time manage the exchange of the currency, in this case, the digital real , for the property. The objective of this project is to streamline the processes of transacting with different kinds of property through the platform. About this...