i-House.com, the leading real estate blockchain marketplace for investors and developers has today announced a joint venture with Ideanomics (Seven Stars Cloud), a leading global fintech and asset digitization services company focused on digital asset production and distribution. The partnership will enable i-House.com and Seven Stars Cloud to deliver global real estate asset digitization and post-digitization services.

The 50/50 joint venture will be led by i-House.com, which successfully launched the world’s first real estate token offering back in 2017. The venture, to be established in Hong Kong and include offices in New York and Beijing, will be led i-House.com Chairman and Founder Ricky Ng. The chairman and founder is a well-seasoned entrepreneur whose career included serving as Business Development Director for Yahoo! Asia, as well as several successful ventures which resulted in acquisitions.

The joint venture will focus on 3 primary areas of business activities:

1. Fixed income-based real estate product offerings using Velocity Ledger for global fractionalization, securitization, and tokenization offerings, starting with the cashflow-producing commercial properties of large insurance companies as underlying assets. The former Chairman of China Life and China Property and Casualty Insurance, and SSC Board Member, Yang Chao will serve as special advisor to the business.

2. Velocity Ledger-based fractionalization, securitization, and tokenization of real estate projects and services.

3. Ideanomics’ BBD Artificial Intelligence (AI) to enhance real estate ratings and risk management services.

“We are tremendously excited to announce our joint venture with i-House.com, this deal creates a powerhouse of technology and expertise in real estate asset digitization and associated services,” said Ideanomics Chairman and CEO Bruno Wu, Chairman. “Together with Ricky Ng’s talented team, we will bring to market a full-service for asset digitization that will enable the unlocking of value in property holdings in a manner which will provide unprecedented liquidity and accessibility for both the asset holders and the investor community alike.”

“This deal is significant for the commercial real estate market, as it brings together two companies that collectively provide an unwavering focus on execution,” said i-House.com Chairman and Founder Ricky Ng. “This joint venture will help further establish the market for asset digitization of real estate and will serve as a benchmark for an industry which has traditionally suffered from high asset value but very limited opportunities to unlock liquidity. By partnering with Ideanomics (Seven Stars Cloud), i-House.com has access to the types of technologies and workflows that we are certain will be successful for both companies, our clients and investors looking for opportunities in real estate.”

About i-House.com

i-House.com was founded in 2017 in Hong Kong and is the leading real estate blockchain marketplace for investors and developers. i-House.com products are i-House Asset Tokenization Offering (ATO) and i-House Token (IHT). i-House.com is disrupting the traditional real estate marketplace by combining the power of blockchain and emerging technologies. To learn more, visit i-House.com , and follow us on Twitter.