AscendEX Partners with Renta Network to Tokenize Real Estate Assets and Expand Market Accessibility

The strategic alliance combines their respective expertise enabling them to develop transformative solutions between the crypto domain and real estate markets.

AscendEX, a global cryptocurrency trading platform, has partnered with Renta Network, a blockchain-powered property rental ecosystem. The partnership will combine the strengths of both platforms to develop transformative solutions between the crypto domain and real estate markets.

"We are excited to announce our partnership with Renta Network. Together, we’re bringing more opportunities and innovation to the crypto space. Stay tuned for exciting updates! #AscendEX #Crypto #Partnership #RentaNetwork #Blockchain"

We are excited to announce our partnership with @RentaNetwork! Together, we’re bringing more opportunities and innovation to the crypto space. Stay tuned for exciting updates! 🔥#AscendEX #Crypto #Partnership #RentaNetwork #Blockchain

— AscendEX (@AscendEX) August 10, 2023

The partnership will see AscendEX contribute its advanced trading infrastructure and liquidity, while Renta Network will bring its blockchain-based property rental platform and NFT technology. Together, they will create new opportunities for customers to interact with tokenized real estate properties and participate in the emerging asset class.

AscendEX is a cryptocurrency trading platform that launched in 2018. It supports spot, margin, and futures trading for an extensive range of 200 blockchains and its native tokens. Operating in more than 150 countries, AscendEX generates daily trading volumes in excess of $200 million, providing borrowers with diverse crypto market access.

Retail and institutional investors opt for this platform due to its user-friendly design, low trading fees, and stake-to-earn options that engage investors in emerging digital assets.

Renta Network is powered by OP Stack blockchain technology and provides users with a worldwide property rental marketplace that operates without commission fees. Their PropertyNFT smart contracts allow for the tokenization of properties, facilitating seamless online and offline payment transactions between landlords and tenants, resulting in minimal fees.

OP Stack technology contributes to AI-powered dynamic pricing functions and decentralized review features, fostering trust and transparency. L2 blockchain technology ensures rapid operation speed and minimal fees, supporting Renta Network's ability to accommodate millions of users globally.

This partnership will unlock several advantages for customers of both platforms. It is likely that the tokenization of real estate assets will fall under the scope of AscendEX listing Renta’s token, which is $RENTA.

With this integration, users will gain the capability to access and divide real estate properties into fractional parts, which they can trade or invest in, ultimately expanding their accessibility to the real estate portfolio.

Furthermore, it enables Renta users to seamlessly perform rental contracts using stablecoins, including USDC and USDT, through the connection with AscendEX, merging the practicalities of DeFi capabilities.

Finally, Renta’s ecosystem will benefit from global marketing support through joint initiatives targeting the users of AscendEX, aiming to enhance the visibility and adoption rates of both platforms.

In their joint effort, AscendEX and Renta are setting a new Web3 benchmark that will revolutionize real estate innovation. Their partnership takes advantage of the growing tokenization concepts to bring scalable and transparent property rental solutions to the market. As both companies continue their innovation in the crypto era, users can look forward to more convenient and efficient interaction with real estate.