Miami, Fl-based World Property Exchange (WPE.com), an emerging all-digital real estate stock exchange for the initial offering and trading of tokenized real estate ownership shares, has announced that the company will begin its initial platform design and development phase starting January 2024.
Once completed and launched in 2025, the World Property Exchange's online real estate investment marketplace will be a fully licensed SEC broker/dealer platform that will allow both individual investors and corporate entities to open an investment account. Once their accounts are opened and funded, WPE's platform users will be able to research, buy and trade all categories of real estate debt and equity ownership slices of property assets across America for as little as $1,000 per tokenized share. The company also plans an international platform expansion a few years after the U.S. launch, as it will require securities licenses in multiple Country jurisdictions in which it will operate.
Company founder and CEO Michael Gerrity commented, "The core goal of our exchange is to provide a marketplace where small and medium-sized investors worldwide will have the opportunity to invest in high-quality and pre-vetted real estate investment instruments in a highly liquid environment - in order to help them build over time -- a quality portfolio of real estate wealth in $1,000 increments. Bottom line, we are democratizing real estate wealth creation for the masses on a global scale."
The World Property Exchange project is Gerrity Capital's latest global proptech venture, in a string of prior real estate platform launches that include Global Listings, currently the largest real estate listings search engine in the world with over 3.3 million property postings a month in 110 countries.