SteelWave launches $500M real estate fund with digital tokens to invest in office properties in Western US

5/30/2024

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The Real Deal

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• Subcategory: Office: CBD, Office: Suburban, Office: Urban

• Additional Filters-Subcategory: Capital Markets: Fund-Digital-Tokenization

• Company: SteelWave

SteelWave has launched a $500 million commercial real estate fund with a blockchain sweetener — claiming to be among the first. The San Mateo-based developer has created a SteelWave Digital fund to allow investors to convert their limited-partner cash stakes into digital tokens to be invested in commercial real estate buys, the San Francisco Business Times reported.