Institutional DeFi players will bring commercial real estate onchain: KPMG exec

DeFi activity from institutions would be more “permissioned” as market participants will want to know who they’re dealing with, KPMG’s Kunal Bhasin said.

Institutional investors will buy blockchain-tokenized shares of high-value commercial real estate when more opportunities come, says Kunal Bhasin, a digital asset co-lead at KPMG Canada.

Tokenization could change the owners of big commercial buildings — historically confined to deep-pocketed real estate and pension fund managers, Bhasin told Cointelegraph at the Toronto Collision Conference.

The tech could see institutional investors, like family offices, able to own a slice of Toronto’s major shopping mall, the Eaton Center, and other big buildings.

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