Parcl, a blockchain-powered real estate trading platform, has announced the launch of Austin, Texas, to its growing list of tradable city indexes. The addition of Austin, one of the fastest-growing housing markets in the United States, brings Parcl’s total number of tradable markets to 16, more than doubling its market pool for investors. The platform merges real estate and decentralized finance (DeFi) to increase access and portfolio diversification opportunities for traders around the world.
Parcl enables investors to invest in an entire city’s residential real estate market, unlocking access to high-demand markets like New York, Los Angeles, and Miami. 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 demand for innovation around real estate investing.
“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,” said Trevor Bacon, Parcl CEO and co-founder. “Integrating these high-demand markets signifies Parcl’s dedication to continuous growth, providing traders access to diverse and burgeoning markets.”
Adding Austin to its platform solidifies Parcl’s commitment to providing a broad spectrum of high-potential markets to traders. The platform’s goal is 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.
Parcl’s expansion plans include adding more North American cities in the near future, with global cities following shortly thereafter. The company’s illustrated market growth builds upon its aspiration of becoming the simplest platform for global real estate trading and illustrates its commitment to making real estate investing accessible to everyone, everywhere.
Parcl is designed to appeal to 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. The company’s commitment to continuous growth and innovation in real estate investing provides traders with access to diverse and burgeoning markets, further increasing investor access to real estate investing on a global scale.
Parcl’s expansion into Austin, TX, solidifies its commitment to providing a broad spectrum of high-potential markets to traders. The platform’s goal is to enhance market access and user engagement, providing traders access to diverse and burgeoning markets. With its expansion plans, Parcl aspires to become the simplest platform for global real estate trading, increasing investor access to real estate investing on a global scale.