尊敬的用户您好，这是来自manbetx20客户端下载
的温馨提示：如您对更多manbetx20客户端下载
的内容感兴趣，请在苹果应用商店或谷歌应用市场搜索“manbetx20客户端下载
”，下载manbetx20客户端下载
的官方应用。
Retired banker Rick Phillips likes investing in property. But instead of putting down a deposit for a place he has seen, or investing money into funds listed on the stock market, the cryptocurrency enthusiast chooses to buy digital tokens that represent ownership of physical properties.
退休银行家里克•菲利普斯(Rick Phillips)喜欢投资房地产。但这位加密货币爱好者选择购买代表实物房产所有权的数字代币，而不是为他看中的房产支付定金，也不是将资金投资于股市上市的基金。
The Los Angeleno is one of a small number of investors testing the waters in property tokenisation, a nascent way to invest in rental real estate that gives would-be buyers the ability to hold a digital sliver of a bricks-and-mortar building. So far, Phillips has invested $20,000 across several properties.
这位洛杉矶人是少数几位试水房地产代币化的投资者之一，这是一种新兴的投资方式，让潜在买家能够持有一小部分实体建筑的数字化份额。到目前为止，菲利普斯已经在几个物业上投资了2万美元。
Property tokenisation companies such as Lofty, RealT and HouseBit offer a range of buildings to invest in, using either cryptocurrency or standard bank deposits.
房地产代币化公司，如Lofty、RealT和HouseBit，提供了一系列可以使用加密货币或标准银行存款进行投资的建筑物。
Born from crypto and blockchain’s promise to democratise finance and broaden financial access, the niche investment method is slowly gaining popularity among crypto fans seeking new areas in which to invest their funds and use blockchain technology — and as high house prices in large cities like London and New York make investing in property outright increasingly unaffordable for many.
这种小众投资方法源于加密货币和区块链对金融民主化和扩大金融准入的承诺，正在逐渐受到加密货币爱好者的欢迎，他们在寻找新的投资领域和使用区块链技术的机会。而伦敦和纽约等大城市的高房价使得许多人越来越难以负担直接投资房地产。
“It’s a different way to invest because it has a lower threshold to getting into buying real property,” says Phillips, who owns “slices” of 12 tenanted properties, mainly in Ohio and Memphis.
“这是一种不同的投资方式，因为购买房地产的门槛较低，”菲利普斯说道，他拥有12处租赁物业的“份额”，主要位于俄亥俄州和孟菲斯。
The enterprise sounds promising, offering a way to own a slice of a property and benefit from its potential to rise in value and its incoming rents. But there are a host of issues. Not least, investors complain, difficulties selling tokens and problems arising from tenant issues.
这家企业听起来很有前景，提供了一种拥有部分房产并从其升值潜力和租金收入中受益的方式。但也存在许多问题。投资者抱怨最多的是出售代币的困难以及由租户问题引发的麻烦。
Tokenised real estate promises a tangible way to invest small amounts in individual properties, rather than in real estate investment trusts (REITs), which typically own or finance large groups of commercial and residential buildings. “Real estate is a very emotional asset class,” says Jerry Chu, founder of Lofty. “REITs exist and funds exist [but] people seem to be a lot happier about ownership when they can say, ‘It’s this address, I own it because of these reasons.’”
代币化房地产为投资者提供了一种以小额资金投资个别房产的有形方式，而不是投资于通常拥有或资助大量商业和住宅建筑的房地产投资信托基金(REITs)。Lofty的创始人Jerry Chu表示：“房地产是一种非常感性的资产类别。REITs和基金都存在，但当人们能够说‘这是这个地址，我拥有它，因为这些原因’时，他们似乎对所有权更加满意。”
An asset such as a house or hotel is sliced into digital tokens that represent ownership. Each token can hold information such as the asset’s ownership history, trading and regulatory details, and the tokens live on a blockchain, which essentially acts as a digital record keeper.
像房屋或酒店这样的资产被分割成代表所有权的数字代币。每个代币可以包含资产的所有权历史、交易和监管细节，这些代币在区块链上，区块