Hassan Maishera
HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Tuesday that Red Swan CRE, the commercial real estate company with $5 billion in Assets Under Management (AUM), is launching its token studio on Hedera for Real-World Asset (RWA) tokenization.
Red Swan will leverage Hedera for its highly optimized and built-for-purpose Hedera Token Service (HTS) that allows RWAs to be tokenized with a best-in-class combination of speed, sustainability, security, and low fixed fees. RedSwan can also create ERC-20-compliant securities thanks to the EVM-compatible Hedera Smart Contract Service (HSCS).
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0512 at press time, down by 2% over the last 24 hours.
