Binance China Blockchain Institute, the research institute part of the world’s leading blockchain and cryptocurrency infrastructure provider Binance, today announced a strategic partnership with Xinyuan Group, one of the NYSE-listed Chinese real estate companies dedicated to the development of blockchain technology, to further the application of blockchain technology in the global real estate industry including in New York.
Binance China Blockchain Institute will collaborate with Xinyuan Group on a variety of projects, ranging from scientific research, technological development, talent cultivation to project incubation toward the objective of accelerating the digital transformation of the real economy. By leveraging Binance’s deep insights and rich experience in building a blockchain infrastructure and the resources of the Binance ecosystem, as well as the extensive experience of Xinyuan Group in the real estate industry, the two companies will further explore the application of blockchain technology in real estate via Xbolt (Blockchain Operation Ledger Technology) platform, a consortium blockchain backed by Xinyuan Group.
“We are thrilled to partner with Xinyuan Group, one of the most progressive real estate firms in fueling the development of blockchain technology, and bringing forward innovative products, services and business models,” said Mai Lu, Asia-Pacific VP at Binance. “Xinyuan Group has a proven track record of digitalizing real estate in a fully compliant way in the U.S. while Binance has been leading the development of blockchain technology. By working hand in hand, we are confident that we will present more use cases for daily life and further grow the blockchain industry.”
Xinyuan Group launched UPRETS, a real estate digitalization platform empowering fractional real estate investment, helping accelerate formatting a regulated online marketplace where real estate ownership is digitalized and fragmented into small shares and traded all over the world. It is the first time such a platform was developed by a listed real estate company in which the company is pioneering in the field.
As part of the partnership, the two companies will conduct collaborative research in multiple areas including blockchain, big data, fintech, artificial intelligence (AI) and other cutting-edge technologies, aiming to introduce research results with real impact and value. Further strategies to support innovative startups and entrepreneurs include establishing a think tank, setting up a hub for fostering blockchain innovation, launching incubation programs, providing funding opportunities, and co-hosting various events to foster communication between opinion leaders and the global community.
To learn more about Binance China Blockchain Institute, visit: https://www.binance.cn/#/main.
To learn more about Xinyuan Group, visit: http://www.xyre.com/index.php/Eng/Cms/Index.