June 15, 2023 – New York, New York
Parcl’s market expansion increases access to investors seeking exposure to real estate prices via RWA (real world asset) indexes.
Parcl, the leading blockchain-powered real estate trading platform, announced today the launch of Austin, Texas, to its ever-growing list of tradable city indexes.
In addition to Austin, Parcl recently launched indexes for Boston, Atlanta, Philadelphia, Chicago, Seattle, Denver, Portland and Washington, D.C., more than doubling its market pool for investors.
Parcl makes investing in an entire city’s residential real estate market possible, unlocking access to high-demand markets like New York, Los Angeles and Miami.
Parcl merges real estate and DeFi to amplify access and portfolio diversification opportunities for traders around the world.
Adding Austin one of the fastest-growing housing markets in the US solidifies Parcl’s commitment to providing a broad spectrum of high-potential markets to traders.
This increases investor access to 16 dynamic tradable markets and builds upon Parcl’s mission of increasing access to real estate investing on a global scale.
Trevor Bacon, CEO and co-founder of Parcl, said,
“Real estate is the largest asset class in the world the largest investment many people will make in their lives. It’s also the market that has the lowest liquidity and the highest barriers to entry.
“Integrating these high-demand markets signifies Parcl’s dedication to continuous growth, providing traders access to diverse and burgeoning markets.”
Built on Solana a blockchain designed for decentralized, scalable applications Parcl facilitates real-world real estate trades in real time.
The platform’s rapid growth since its launch in February demonstrates significant market need for innovating around real estate investing.
Bacon added,
“Austin’s integration provides traders with another dynamic real estate market to diversify their portfolio. This move is consistent with Parcl’s goal to enhance market access and user engagement, as evidenced by all-time highs in user activity, open interest and trading volume on the decentralized trading application.”
The addition of more North American cities is on the near-term horizon, with global cities following shortly thereafter.
Parcl’s illustrated market growth builds upon its aspiration of becoming the simplest platform for global real estate trading and illustrates its commitment to the core mission of making real estate investing accessible to everyone everywhere.
Parcl is designed with features that appeal to the modern investors, offering high liquidity, low transaction fees and no minimum investment requirements.
Traders can now trade real estate indexes as effortlessly as Bitcoin, Ethereum or other crypto assets.
Parcl is a DeFi real estate trading platform revolutionizing the way individuals globally engage with real estate investment.
Combining the strengths of blockchain technology with traditional real estate, Parcl offers a simple, efficient and accessible real estate trading experience.
For more information, visit the website.
Will Leatherman, CMO of Parcl
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