Hassan Maishera
Hedera Foundation, the development team behind the Hedera blockchain, announced via a blog post on Thursday that StegX, the institutional real estate marketplace, has deployed $100M+ worth of real estate tokens on the Hedera network.
These tokens will leverage ERC-7518, the compliance-first token standard developed by Zoniqx. StegX will soon issue real estate-backed tokens for three prominent European family offices, representing over $100M in assets.
Every asset will be:
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Issued via ERC-7518
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Built on Hedera’s scalable, low-cost DLT infrastructure
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Aligned with local and cross-border regulations from day one
Hedera Hashgraph is a 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 $0.17795 at press time, down 4% over the last 24 hours.
