Stellar XLM has once again surprised the crypto industry community. Smartlands Platform which is backed by Stellar (XLM) has made public that it has partnered with Colliers international. Colliers international is a leader and popular in the global-scale and in the real asset services and investment management company.
Smartland is a security token issuance project which creates for asset owners new windows, or new investors. This could have brought a show changing development for Stellar and its team as Colliers International is as big as it can get. Last year, it saw approximately $2.5 billion revenue and assets in almost 70 countries
Stellar (XLM) Price Today – XLM / USD
Ramune Askiniene, CEO of Colliers International Advisors in Lithuania, revealed that: “The global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization. We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar.”
Smartlands platform CEO, Arnoldas Nauseda on the other hand, added: “Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry. Colliers was perceptive enough to enter the partnership immediately.”
As crypto market sees red, Stellar feels the bear’s grip
Crypto markets opened two days ago, 9th October, to a bearish spread which was reversed towards the end of the day. Almost all cryptocurrencies felt the bear’s grip including well known coins like XRP, Bitcoin Cash (BCH) and Stellar Lumens (XLM).
Few days ago, Stellar Lumens (XLM) experienced a major change when it overtook EOS to become the 5th biggest crypto by market cap. Though the difference between the two was just $100 million, the XLM investors at least have the past 24- hour pump of 26% to brag about.
As at the time of this writing, XLM was trading for $0.245 and falling at the rate of 0.81%, it had a daily market volume of $45.282 million and a market cap of $4.630 billion.