Blockchain project enters China REITs Alliance for the first time

The China REITs Alliance was established in 2014 and has signed a comprehensive strategic cooperation agreement with the world's three largest REITs industry associations: the National Association of Real Estate Investment Trusts (NAREIT), the Asia Pacific Real Estate Association (APREA), and the European Listed Real Estate Association (EPRA). The alliance is composed of real estate companies, financial institutions, intermediary institutions, and academic institutions. Currently, it includes dozens of member units such as Minsheng Bank, E Fund Asset Management, Yuexiu Real Estate Trust, Sinosure Fund, China Resources Trust, Tsinghua Real Estate Research Institute, Junhe Law Firm, Tianhong Real Estate, and Jinke Real Estate.

Recently, Ruizi Technology, a REITs asset exchange with real-name blockchain as its core technology, officially joined the China REITs Alliance as a standing director unit. This is also the first time that the China REITs Alliance has absorbed a Fintech company to join the alliance. In the future, Ruizi Technology will work together with many traditional industry members such as banks, fund companies, real estate companies, and law firms to promote the development of China's REITs industry. At the same time, it will also provide blockchain technology support to member units based on the principles of resource sharing and technology sharing, and gather the strength of all parties to provide support for the future development of Ruizi Asset Exchange.

Ruizi Technology is committed to building a REITs asset exchange based on a real-name blockchain. Unlike traditional exchanges (such as China's Shanghai Stock Exchange and Shenzhen Stock Exchange), which are accounted and settled by a unified institution, it uses distributed ledger technology, abandons the traditional centralized database, and greatly improves security in a decentralized manner. It will also greatly improve the efficiency of financial institutions and reduce operating and management costs. In addition, based on the high liquidity characteristics of blockchain, the blockchain ledger is decentralized, transactions can be conducted in any exchange, and any interested market can trade these assets, which will form a global unified market.

The capital-side clients that Ruizi Asset Exchange will connect with in the future are mainly high-net-worth investors and institutional investors. Ruizi Technology will create a channel for domestic investors to quickly allocate global assets, provide more opportunities to invest in high-quality REITs assets in developed countries such as the United States, and will also contribute to the development of China's REITs industry.