I have neither seen nor heard of any blockchain impact in the world of OZ, but I am confident there are business opportunities for businesses in this sector.
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How is blockchain changing CRE transactions in OZs?
How can they increase investor transparency and what role does blockchain play in the OZ industry?
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The blockchain could allow a CRE sponsor to tokenize real estate, though the QOZ implications of doing that are pretty unclear. Tokenization is becoming more popular across the country, but it's such a new legal area that many ambiguities exist, leaving advisors to make judgment calls on a slew of important issues. I doubt you'd find QOZ investors receptive enough to tokenization for a blockchain-focused CRE project to get off the ground and notch the tax benefits, but I guess anything is possible. The sponsor would need to be quite risk-friendly to attempt it, though.
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