RedSwan tokenizes Hotel on Rivington, a Manhattan skyline building, on the Hedera blockchain.
RWA & Tokenization ·
RedSwan has tokenized Hotel on Rivington, a Manhattan building, on the Hedera network. The project marks the platform's entry into real-world asset tokenization for iconic New York real estate.
Hedera is a hashgraph-based public ledger designed to support tokenization, AI agents, and real-time payments. The platform uses a directed acyclic graph consensus mechanism rather than traditional blockchain blocks, claiming throughput exceeding ten thousand transactions per second with settlement finality within seconds. Its technical stack includes EVM-compatible smart contracts, native tokenization services, and governance structured around an enterprise council model, positioning it for institutional-grade applications including real-world asset markets and stablecoins.
Details about the Hotel on Rivington tokenization—including asset structure, token supply, pricing, or RedSwan's broader tokenization roadmap—remain undisclosed in available reporting. The mechanics of how fractional ownership or revenue rights are distributed across tokens, and what regulatory approvals were obtained, are not yet specified.