Bed Bath & Beyond (BBBY) shares rose 7% Monday after the relaunched retailer announced it intends to acquire Tokens.com and launch a platform focused on asset tokenization, starting with real estate.
The plan is to build a platform where people can tap into the value of their home or other assets, like turning home equity into cash or tradable digital tokens, the company said on Monday. Instead of applying for a loan through a bank, users could use the new platform to see what they own, what it’s worth and how to access financing, all in one place.
STORY CONTINUES BELOW
Trending: House Democrat Appears Hundreds of Times in New Epstein Documents
Tokens.com will use tools from tZERO to handle regulated trading and storage of these assets. It will also plug into Figure (FIGR),
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!