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SteelWave LLC Launches $500 Million Commercial Real Estate Digital Investment Fund At Financial Times (FT) Future Of Crypto & Digital Assets Summit, Tokenize This 2024 & Digital Assets (DA) Week

California-Based Development And Management Firm Introduces Groundbreaking Commercial Real Estate Tokenization Model To Global Investment Community

San Francisco, California – WEBWIRE

SteelWave Digital, a subsidiary of SteelWave, the design-led commercial real estate (CRE) company with a 40-year legacy of successfully acquiring, transforming, and developing creative office, life science, and industrial campuses across the United States, has announced the launch of its $500 million digital investment fund, providing world-class, tokenized real world assets (RWA) micro-investment opportunities to a new generation of stakeholders in the process.

The Announcement was made during simultaneously-held cryptocurrency and digital asset Podiums in London (the Financial Times ‘Future of Crypto & Digital Assets Summit 2024’), and Miami (the ‘Tokenize This Summit 2024’), then concluding at Digital Assets Week California, the latter venue taking place steps from the company’s national headquarters in San Francisco. The forums are individually internationally recognized as the pre-eminent gatherings for traditional financial institutions, regulators, policymakers and thought-leaders in decentralized finance alike.

“At SteelWave, we’re looking beyond traditional investment models to create new opportunities for our investors,” stated Barry DiRaimondo, SteelWave Executive Chairman, CEO and Co-Founder. “Our decision to launch this fund with tokenization optionality in mind underscores our dedication to innovation and confidence in the future of digital assets. But while demand for the digital world and real world assets (RWA) coming together is rapidly increasing, it cannot truly scale unless the institutional investment community complies and fully integrates within the environment.”

“We believe that we are on the front edge of providing real case studies; high tech physical assets across America’s commercial real estate industry to institutional investors at home and abroad. And once the decentralized financial market has been normalized, it will lead to the development of a viable secondary market, to the benefit of all who would follow our example and seek to thrive in the space.”

Recent industry reportage suggests that the demand for tokenized assets could scale to as high as $10 trillion in this decade, as traditional financial (TradFi) institutions slowly begin to adopt blockchain technology. By introducing its digital investment fund, SteelWave is further democratizing investment opportunities, allowing for a broader range of global investors to participate in the rise of decentralized finance, coupled with the resurgence of the American commercial real estate marketplace.

This forward-thinking approach both aligns with evolving investor preferences and anticipates the development of a robust secondary trading market for digital securities. The fund’s strategic focus on U.S. tech and life science office properties particularly reflects SteelWave’s portfolio and distinction in the sector.

”While many may believe commercial real estate is facing an existential threat post-pandemic, we see an opportunity to revitalize downtown districts and workspaces across the nation,” added Mitch DiRaimondo, Lead Project Manager of SteelWave Digital. “Our Digital Investment Fund allows those who share our vision to invest with the knowledge that their tokens are tied to real-world assets and are primed for sustainable growth.”

As institutional interest in digital asset vehicles continues to grow, the SteelWave fund stands poised to lead the way in reshaping the future of commercial real estate investment.

Link to Multimedia Vignette:
SteelWave Digital Launch

About SteelWave, LLC / SteelWave Digital

SteelWave LLC is a design-led commercial real estate company hosting a 40-year legacy of successfully acquiring, transforming, and developing creative office, life science, and industrial assets across the United States, committed to revolutionizing the American workspace experience.

Headquartered on the West Coast, the company today operates in Northern California, Southern California, Denver, Seattle, Portland, Austin, and Phoenix.

From inception to present-date, the SteelWave team has acquired, designed, developed, entitled, or managed over 61.3M sf. of industrial product and 51.2M sf. of office product, 1,500 multi-family units, and 7.8M sf. of life science R&D across its target markets, at a combined cost of over $17.5 billion.

SteelWave established ’SteelWave (SW) Digital’ in 2021, having identified the convergence between the arena of tangible assets including commercial real estate, and the burgeoning industry of digital securities.

By skillfully weaving hospitality and residential design elements into each of the properties owned and operated by the nation-spanning enterprise, SteelWave continues to create work environments and breakthroughs in the industry that defy commercial real estate convention.

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 Steelwave Digital
 Commercial Real Estate
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