Property… but not as we know it: liquid property and the new asset-based economy
Written by Antony Abell, CEO & Co-Founder of the TPX™ Property Exchanges, London.
Property, or real estate, is a fixed asset that is common to all of us. We all live and work in ‘properties’ and many of us have worked hard over many years to own them. We may move in and out of them but properties themselves do not physically move. Almost without exception they are also permanently ‘fixed’ by bricks, steel, and mortar to wherever they were originally built.
What if all properties however could be made economically and financially ‘liquid’ and instantly convertible into real world fiat cash on your mobile phone?
Creating ‘liquid property’ would effectively make what most of us consider an ‘illiquid’ asset into a fully ‘liquid’ and instantly transferrable one. What if the value of properties and their title certificates could be easily and safely stored on mobile phones, on a payment card, and moved across the world at the speed of light? What if we then discovered that we were able to use liquid property for storing our wealth in the form of inflation resistant ‘slices…
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